Mar 162023
 


Pable Picasso Le Pengouin 1907

 

Credit Suisse Borrows $54BN From SNB: “Pre-emptively Strengthen Liquidity” (ZH)
EU Shrugs Off Silicon Valley Bank Collapse (Pol.eu)
Pentagon Calls Moscow Over Drone Incident (RT)
US Drones Have No Business Near Russia – Ambassador (RT)
Drone Incident Confirms US Involvement In Ukraine Conflict – Russia (RT)
Moscow Responds To Lindsey Graham Threat (RT)
Attack On Russian Plane In Neutral Airspace A Declaration Of War – Antonov (TASS)
Antonov Expressed Russia’s Concerns Over US Activities At State Dept (TASS)
China Comments On ‘Ukrainian Theory’ Of Nord Stream Sabotage (RT)
Explosive Devices Found At Russian Pipeline – Transneft (RT)
Ukraine Wants To Legalize Controversial Hacker Brigade (RT)
How Russian Identity Was Wiped Out In What Is Now Western Ukraine (Plotnikov)
The Tyrants Are Passing State Laws to Push CBDCs (Thomas Renz)
GOP Candidates: Pay Attention DC (Denninger)
Which Biden Family Member Got Cut Of $3M CCP-Linked Wire? (ZH)

 

 

 

 

 

 

RFK Haines
https://twitter.com/i/status/1635831142124339200

 

 

RFK Fauci

 

 

 

 

Tucker weapons

 

 

Bosi

 

 

Macgregor

 

 

Russian warriors

 

 

 

 

Credit Suisse is labeled systemically important, aka too big to fail. On Wall Street. But as ZH notes this loan does nothing to halt the depositor flight that made the loan necessary. What happens if someone decides to take the other side of the bet, like Soros did with the Bank of England?

Credit Suisse Borrows $54BN From SNB: “Pre-emptively Strengthen Liquidity” (ZH)

Update (21:00ET): And so, the “bailout” arrives just a few hours before the Europe open, Credit Suisse said it’s planning to borrow from the Swiss National Bank up to CHF50 billion ($54 billion) under a covered loan facility which is “fully collateralized by high quality assets”. It wasn’t immediately clear what high quality assets CS has left to pledge but in a time of BTFP, we are confident they found something. The bank also announced offers by Credit Suisse International to repurchase certain OpCo senior debt securities for cash of up to about CHF3 billion, which will help the bank pick up a few pennies in bond discount, even as it faces tens of billions in deposit flight.

So to summarize: Credit Suisse effectively just took out a priming DIP loan, pledging its last remaining assets with the SNB, to shore up some $54BN in emergency liquidity, probably how much the bank has seen in deposit outflows. It will be very interesting on what terms those assets were pledged. Another way of saying it, is that this is a last-ditch liquidity infusion, and all it does is prevent forced asset liquidations (a la SVB). Meanwhile it does nothing to halt the depositor flight because once trust is broken, it rarely returns. The news sent Euro Stoxx 50 futures 2% higher, and pushed Emini S&P futures to session highs of 3946; 2Year yields moved up by about 20bps to 4.00% before fading the move.

That said don’t hold your breath for some breathtaking surge: once the market sees though this rescue for what it is – yet another temporary stop gap measure – it will demand much more, especially after the ECB hikes rates tomorrow which this “band-aid bailout” will allow the Central Bank to do, in the process guaranteeing an even bigger bailout down the line.

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“..acting as if there’s no crisis can sometimes be all part of the game to reassure the markets..”

EU Shrugs Off Silicon Valley Bank Collapse (Pol.eu)

The failure over the weekend of America’s Silicon Valley Bank, which had assets of $200 billion, has prompted fears of wider meltdown, with share prices plummeting and U.S. agencies scrambling to contain the fallout and prevent runs on other lenders. In the European Union, it’s very definitely seen as something that’s happening to other people. “At the EU level, there is very limited presence of Silicon Valley Bank,” Valdis Dombrovskis, executive vice president of the European Commission, said Tuesday. “We are in touch with the relevant competent authorities, but we don’t expect much of a spillover effect.” His was just the latest in a series of chilled-out comments from leading EU figures as they looked on while the financial blowup raged.

“I don’t see any risk of contagion,” French Finance Minister Bruno Le Maire said on Monday. “We are monitoring the situation but there is no specific alert.” EU bank stocks slumped 5.84 percent on Monday in response to the demise of SVB — but rallied on Tuesday, closing back up 2.46 percent. Aside from the immediate risks of contagion, the big question is whether SVB is an idiosyncratic event or a sign of broader ailments at banks. European leaders are firmly playing things down, stressing the difficulties were unique. “The problems arise from the specific business model of the Silicon Valley Bank, and the picture here in Europe is very different,” said Paschal Donohoe, president of the Eurogroup, the gathering of eurozone finance ministers, after their latest meeting on Monday.

Of course, acting as if there’s no crisis can sometimes be all part of the game to reassure the markets. So when the EU says “nothing to see here,” those in the know — particularly those who lived through the financial turmoil a decade and a half ago — may wonder whether actually they’re just hoping that if they say it loudly enough it will become true.

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It’s good that they talk. They should do more of that. Much more.

Pentagon Calls Moscow Over Drone Incident (RT)

US Defense Secretary Lloyd Austin reached out to his Russian counterpart, Sergey Shoigu, on Wednesday, for the first time in months, to discuss the incident in which an American spy drone went down in the Black Sea waters off Crimea. According to the Russian Defense Ministry, Shoigu told Austin that the incident was caused by the Americans violating the airspace restriction declared by Russia, with all the proper international notifications in place. Shoigu called US drone flights off the Russian coast “provocative in nature” and risked an escalation of tensions in the Black Sea. While Russia does not desire such a development, it will “continue to respond proportionately to all provocations,” Shoigu said. He added that the two nuclear powers “must act as responsibly as possible,” which includes keeping a military channel open to discuss any crisis.

Speaking at a Pentagon press briefing, Austin confirmed that he made the call, and said it was “important that great powers be models of transparency and communication.” However, he insisted the US would “continue to fly and to operate wherever international law allows.” The last time Shoigu and Austin spoke was in October 2022, according to AP. The top military officers also had a phone call about the matter, with US General Mark Milley, the chairman of the Joint Chiefs of Staff, reaching out to his Russian counterpart, General Valery Gerasimov. On Tuesday, the US European Command claimed that two Russian Su-27 jets conducted an “an unsafe and unprofessional intercept” of a MQ-9 Reaper drone, which was conducting an intelligence, reconnaissance and surveillance (ISR) mission in international waters over the Black Sea.

According to the US military, one of the planes struck the drone’s propeller, causing the operators to ditch the UAV into the water. The Russian Defense Ministry, however, said that at no point did any of the interceptors make contact with the drone, or use their on-board weapons. The UAV stalled and crashed after executing an abrupt maneuver, Moscow said. Russian ambassador to the US Anatoly Antonov said he told the State Department that US drones have no business so close to the Russian border. The drone was reportedly just 60 kilometers off the coast of Crimea when it crashed.

The US has flown drones and other surveillance aircraft near the Russian border for over a year, providing intelligence and targeting information to the Ukrainian government – along with weapons, ammunition and money – while insisting it is not a party to the conflict. Nikolai Patrushev, secretary of the Russian Security Council, said on Wednesday that the drone incident was “yet another confirmation” the US was directly involved.

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Russian Ambassador to the United States Anatoly Antonov is the de facto spokesperson for Moscow on the issue.

US Drones Have No Business Near Russia – Ambassador (RT)

Moscow regards Tuesday’s incident in which an American drone crashed in the Black Sea as a provocation, Ambassador Anatoly Antonov said after being summoned to the State Department in Washington. Antonov met with Assistant Secretary of State for European and Eurasian Affairs Karen Donfried, who protested the “unsafe and unprofessional intercept” of the drone that resulted in its loss. “We consider this incident a provocation,” Antonov told reporters after the meeting. He said he told Donfried that US drones, planes and ships had no business being that close to Russian borders. “Could you imagine what the reaction of the US media or the Pentagon would be, if such a drone would appear near New York or San Francisco?” he asked.

Antonov described the talks with Donfried as “constructive” and said both sides shared their concerns. The US and Russia need to be “extremely cautious” how they act, given the current situation in Eastern Europe, he added. He also told Donfried that Moscow is seeking “pragmatic relations” and not conflict with the US. According to the US military, two Russian Su-27 interceptors flew dangerously close to the MQ-9 Reaper drone on Tuesday morning, spilling fuel on the drone and at one point damaging its propeller, causing the UAV to crash. The drone, they said, was on a peaceful surveillance mission in international waters. In response, the Russian Defense Ministry said the UAV stalled after executing drastic maneuvers, and that the interceptors “did not come into contact with the UAV.”

Antonov had pointed out that the drone was of a type that can carry multiple missiles and bombs. The MQ-9 was developed as a “hunter-killer” variant of the MQ-1 Predator. The US has flown drones and surveillance planes near the Russian border for over a year, providing intelligence and targeting information to the Ukrainian government – along with weapons, ammunition and money – while insisting it is not a party to the conflict. The exact location of the incident was not provided by either government. Russian media have reported that the Reaper’s last location was about 60 kilometers southwest of the Crimean port of Sevastopol.

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“..Russian fighters did not use any airborne weapons and did not come into contact with the drone..”

Drone Incident Confirms US Involvement In Ukraine Conflict – Russia (RT)

Moscow will attempt to recover the wreckage of the American MQ-9 Reaper drone that fell into the Black Sea on Tuesday, the secretary of the Russian Security Council, Nikolai Patrushev, has announced. Speaking live on a Russian federal channel on Wednesday, the official admitted that he doesn’t know if it will be possible to get to the remains of the UAV but stressed that it was important to make an effort to find and study the wreckage. Patrushev also added that “Americans keep saying that they are not participating in the hostilities” in Ukraine and that this latest incident with the drone is “yet another confirmation that [the US] are directly involved” in the ongoing military conflict.

The secretary’s statement comes after Washington’s European Command (EUCOM) reported that one of its MQ-9 Reaper drones was brought down over the Black Sea on Tuesday morning as a result of “unsafe and unprofessional” actions by two Russian Su-27 fighter jets. The Pentagon insists that one of the Russian interceptors had “struck the propeller” of the drone while it was conducting a reconnaissance mission in international airspace. The Russian Defense Ministry has denied claims that its planes came into contact with the American drone, but reported that Aerospace Forces had recorded the flight of an American UAV over the Black Sea towards the Russian border and dispatched two interceptors to investigate.

The ministry noted that the aircraft was flying with transponders turned off and in violation of the temporary air borders established around the ongoing military operation area in Ukraine. At some point, “as a result of sharp maneuvers” the drone went into “uncontrolled flight” and crashed into the sea, the ministry reported, noting that Russian fighters did not use any airborne weapons and did not come into contact with the drone. US National Security Council coordinator for strategic communications John Kirby has since stated that the US is taking all the necessary measures to ensure that the remains of the MQ-9 Reaper drone do not fall into anyone else’s hands.

“It’s the United States’ property. We obviously don’t want to see anybody getting their hands on it beyond us,” Kirby told CNN. However, he also admitted that he’s not sure if the US will be able to recover the aircraft, because it fell into “very very deep water” in the Black Sea. “We’re still assessing whether there can be any kind of recovery effort. There may not be.”

Lavrov
https://twitter.com/i/status/1636060425417629697

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“it is not the Russian pilots who should be called out,” but rather American politicians, “who are inciting the start of an apocalyptic conflict.”

Moscow Responds To Lindsey Graham Threat (RT)

Russia’s ambassador to the US has accused Senator Lindsey Graham of provoking “dangerous escalation” between the two countries, after the senior lawmaker urged the Pentagon to fire on Russian fighter jets. Asked about Graham’s comments on Wednesday, Ambassador Anatoly Antonov said the senator’s call to shoot down Russian aircraft went “far beyond common sense” and risked all-out war between the world’s largest nuclear powers. “This is by no means the first attempt by the notorious lawmaker to provoke a dangerous escalation in the US-Russian relations. A year ago he urged our citizens to make an assassination attempt on the president of Russia,” he said. “Does Senator Graham really believe that a direct military clash with Russia is in the interests of the voters who entrusted him with their lives and livelihood?” “Is the Capitol willing to put American citizens and the international community at risk of a full-scale nuclear war? Give us an answer, distinguished Senator!”

Graham appeared on Fox News earlier on Wednesday to discuss a recent close encounter between Russian fighter jets and a US MQ-9 Reaper drone near Crimea, calling for a tough response from President Joe Biden after the UAV was sent plunging into the Black Sea. “What would Ronald Reagan do right now? He would start shooting Russian planes down, if they were threatening our assets,” Graham told the outlet, referring to the US leader who served at the height of Cold War brinkmanship with the Soviet Union. While US officials claimed one of the Russian planes collided with the drone and caused it to crash, the Russian Defense Ministry said the unmanned vehicle went down after stalling, and never came into contact with another aircraft. Antonov went on to argue that Moscow “did everything possible to prevent this kind of incident,” including informing the international community “in good time about the boundaries of the temporary airspace regime” established in the area.

While the ambassador said it is a “shame for the Pentagon to lose an expensive piece of equipment,” he insisted “it is not the Russian pilots who should be called out,” but rather American politicians, “who are inciting the start of an apocalyptic conflict.” Washington has flown drones and surveillance craft near the Russian border on a near-constant basis over the last year, providing intelligence – along with weapons, ammunition and money – to the Ukrainian government even as it insists it is not a party to the conflict. The exact location of this week’s drone encounter was not confirmed by either government, though Russian news outlets have reported that the Reaper’s last location was about 60 kilometers (37 miles) southwest of the Crimean port of Sevastopol.

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“Russia did everything possible to prevent this kind of incident – it informed the international community in good time about the boundaries of the temporary airspace regime established for the special military operation.”

Attack On Russian Plane In Neutral Airspace A Declaration Of War – Antonov (TASS)

A deliberate attack on a Russian aircraft in neutral airspace would be an open declaration of war against the largest nuclear power, Moscow is not seeking confrontation, Russian Ambassador to the United States Anatoly Antonov said on Wednesday. “Some lawmakers’ calls go far beyond common sense,” he said, commenting on US Senator Lindsey Graham’s (from South Karolina) threats to shoot down Russian planes approaching US aircraft in international airspace. “The Russian Ministry of Defense has explained in detail the reasons and course of actions of Russian pilots during yesterday’s incident over the Black Sea. I repeat, for those who have not gathered themselves to look at the situation objectively: our fighters did not come into contact with the American UAV,” he said, commenting on the loss of a MQ-9 American drone. “Russia did everything possible to prevent this kind of incident – it informed the international community in good time about the boundaries of the temporary airspace regime established for the special military operation.”

“Of course, it is a shame for the Pentagon to lose expensive piece of equipment. But in this case, the US military should redirect accusations of unprofessional actions back to themselves,” he noted. “As for the aforementioned senator, this is by no means the first attempt by the notorious lawmaker to provoke a dangerous escalation in the US-Russian relations. A year ago he urged our citizens to make an assassination attempt on the president of Russia. Does Senator Graham really believe that a direct military clash with Russia is in the interests of the voters who entrusted him with their lives and livelihood?” the Russian ambassador noted. “A deliberate attack on a Russian aircraft in neutral airspace is not just a crime under international law, but an open declaration of war against the largest nuclear power. An armed conflict between Russia and the United States would be radically different from the proxy war the Americans are waging remotely against us in Ukraine,” Antonov warned. “Is the Capitol willing to put American citizens and the international community at risk of a full-scale nuclear war? Give us an answer, distinguished Senator!”

“It is not the Russian pilots who should be called out, but American politicians who are inciting the start of an apocalyptic conflict. We do not seek a conflict with a nuclear power. We continue to maintain contacts, including through the Defense Ministry, to prevent unintentional incidents. I wish US politicians had the same attitude toward relations with Russia,” the Russian diplomat stressed. According to Russia’s Defense Ministry, Russian airspace control systems detected an American MQ-9 unmanned aerial vehicle flying near the Crimean Peninsula on Tuesday. The drone flew with its transponders turned off, violating a temporary boundary established for the special military operation, communicated to all users of international airspace, and published in accordance with international standards.

Russia’s top brass added that as a result of sharp maneuvering, the drone went into uncontrolled flight before losing altitude and crashing into the Black Sea. The ministry stressed that Russian fighter jets had not used on-board weapons, nor had they come into contact with the unmanned aerial vehicle, and returned safely to their home airfield. According to the US European Command, one of the two Russian Su-27 warplanes hit the drone’s propeller to make it crash into the Black Sea. MQ-9 Reaper is a modular reconnaissance and strike unmanned aerial vehicle engineered by General Atomics Aeronautical Systems. It is equipped with a turboprop engine and can develop a speed of more than 400 kilometer per hour. The maximal flight duration is 24 hours. The drone is capable of carrying air-to-surface and air-to-air missiles, and laser-guided bombs.

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More talk. Also good.

Antonov Expressed Russia’s Concerns Over US Activities At State Dept (TASS)

Russian Ambassador to the US Anatoly Antonov disclosed that he discussed Russia’s concerns regarding various aspects of Washington’s activities during the meeting in the US Department of State after the incident involving a US drone in the Black Sea. “Yesterday, I was invited to the Department of State, where I had a 30-minute conversation with Assistant Secretary of State [for European and Eurasian Affairs] Karen Donfried. Notably, we talked for 15 minutes about this particular story, and 15 more minutes – about Russia’s concerns regarding various aspects of activities of the United States of America,” he said on Russian TV Wednesday. According to Antonov, the conversation was calm. “It felt like my colleague simply read out a document that she had before her eyes,” he noted.


The envoy underscored that he categorically rejected all accusations of the American side towards the Russian Armed Forces. Previously, the Russian Defense Ministry announced that the Russian Aerospace Forces detected a US MQ-9 drone flying near the Crimean Peninsula. The drone was reportedly flying with its transponder turned off and “in violation of the boundaries of the temporary airspace use area, defined in order to carry out the special military operation, which has been conveyed to all airspace users and published in accordance to the international norms.” The Defense Ministry added that the drone’s abrupt maneuvering caused it to lose control, lose altitude and crash into the water. Russian jet fighters did not use its weapons and did not collide with the drone, and successfully returned to their bases, the Ministry said.

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“We have noted that some Western media have been mysteriously quiet after Hersh reported that the US was behind the Nord Stream blast. But now these media are unusually simultaneous in making their voice heard. How would the US account for such abnormality?”

China Comments On ‘Ukrainian Theory’ Of Nord Stream Sabotage (RT)

Chinese Foreign Ministry spokesman Wang Wenbin found it unusual that major outlets in the West uncritically embraced the claim by unnamed US officials that a “pro-Ukrainian group” was responsible for the bombing of Nord Stream natural gas pipelines. At the press briefing on Wednesday, Wang described the pipelines as “vital cross-border infrastructure projects,” whose destruction had a “serious impact on the global energy market and ecological environment.” China wants “an objective, impartial and professional investigation” into the bombing and those responsible held to account, the sooner the better, he added.

Asked to comment on the so-called “Ukrainian theory,” first put forth by anonymous US officials in the New York Times last week, Wang noted the sudden change of behavior by Western media, after they spent a month ignoring the report by journalist Seymour Hersh that blamed the US and Norway. “We have noted that some Western media have been mysteriously quiet after Hersh reported that the US was behind the Nord Stream blast. But now these media are unusually simultaneous in making their voice heard. How would the US account for such abnormality? Is there anything hidden behind the scene?” Wang said. Nord Stream 1 and 2, pipelines built under the Baltic Sea to carry Russian natural gas to Germany and onward to Western Europe, were damaged in a series of explosions in September 2022.

In early February, Hersh published a report detailing how Washington had the pipelines destroyed, describing how US divers planted the explosives and a Norwegian airplane sent the detonation signal. The US government denied all accusations, labeling Hersh’s report “utterly false and complete fiction,” while Russia and China called for an independent and transparent investigation. The Times report quoted unnamed US officials who suggested that the saboteurs were “most likely Ukrainian or Russian nationals, or some combination of the two,” citing unspecified new intelligence. The anonymous officials insisted no US or British nationals were involved, and that there was no evidence President Vladimir Zelensky or any other Ukrainian official directed the attack, either. Kiev has officially denied any responsibility for the Nord Stream blasts.

When he was shown the Times article during an interview, Hersh laughed and asked “Are they that stupid?” referring to the outlet’s anonymous sources. Nonetheless, the story was dutifully repeated by all major Western outlets. Russian president Vladimir Putin was likewise unconvinced. During an interview with Rossiya-1 on Tuesday, he dismissed as “complete nonsense” the notion that non-state actors could be behind the complex act of sabotage. The attacks could have only been “carried out by specialists, and supported by the entire power of a state possessing certain technologies,” he said.

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Not Nord Stream, but Druzhba. “..the devices were found in destroyed plastic cases of “non-industrial production” with a striking warhead in the form of steel balls..”:

Explosive Devices Found At Russian Pipeline – Transneft (RT)

Workers at the Russian oil pipeline transport company Transneft have reportedly found several explosive devices at the Novozybkov oil-pumping station of its Druzhba pipeline in the Bryansk region near Ukraine, according to company spokesperson Igor Demin. Speaking to TASS, he stated that on Tuesday evening and on Wednesday morning, the devices were found in destroyed plastic cases of “non-industrial production” with a striking warhead in the form of steel balls. “Presumably, the destruction of the cases occurred after hitting the ground when falling from drones,” Demin suggested. He added that on Wednesday afternoon another explosive device was seen being dropped from a UAV, “likely similar to the other two [devices].”

At the same time, the Transneft representative pointed out that the Novozybkov pumping station had not been in operation throughout 2023 and that its reserve tanks are empty. Demin added that, given the steel balls found in the explosives, the perpetrators of the sabotage likely did not intend to destroy the facility but instead wanted to kill members of the civilian personnel working at the Druzhba station.The spokesperson noted that an investigation is currently underway and that nobody at the Novozybkov facility had been injured. The Druzhba (Friendship) oil pipeline is one of the longest in the world and connects eastern parts of Russia to several points in Europe, including Ukraine, Belarus, Poland and Germany. However, the pipeline has repeatedly come under attack from Kiev’s forces since Russia launched its military operation in Ukraine.

The last attack was reported on February 1, when Demin stated that a missile had landed on the territory of the Novozybkov station but ultimately failed to cause any damage or to injure any of the workers. On February 3, another attack was reported by media outlet Mash, but Transneft said it had no information on the alleged incident and that the pipeline was working normally. The pipeline segment that is apparently being targeted by Ukraine is located some 39 kilometers from the border with Russia and leads in the direction of Belarus, where it branches off into two sections, one going to Germany and Poland and the other to Ukraine, Hungary, Slovakia, Austria and the Czech Republic.

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Maybe they can take the place of the Orthodox church.

Ukraine Wants To Legalize Controversial Hacker Brigade (RT)

Ukraine is drafting a law to legalize its controversial hacker brigade, turning an international pro-Ukrainian “hacktivist” group into a “cyber-reserve” military unit, Newsweek confirmed with a state official in an article published on Tuesday. Secretary of Ukraine’s National Coordination Center for Cybersecurity Natalia Tkachuk told Newsweek that a law regulating the “creation and functioning of cyber forces” was being fast tracked at the Ukrainian Defense Ministry. She added that this new law would be the “basis for building the state’s cyber defense capabilities, engaging cyber volunteers in these activities, and creating a cyber reserve.” Kiev currently has a volunteer hacker brigade called ‘the IT Army of Ukraine’, which it wants to take out of the legal gray area and incorporate into the armed forces in an official capacity.

The IT Army calls itself a “worldwide IT community” that represents President Vladimir Zelensky’s team and is “the supreme power in Ukraine, capable [of blocking] over 800 targets simultaneously.” They invite anyone with a phone to join and help launch distributed denial-of-service (DDoS) attacks on Russian online services, where they flood the sites with internet traffic and cause an outage. The group has claimed responsibility for crashing various Russian sites, including bringing down media websites during Vladimir Putin’s State of the Nation address last month. The IT Army has also been criticized for targeting civilian facilities, including hospitals, in their attacks, according to Newsweek. The report claims that a representative of the group has welcomed the decision to legalize their efforts, even if it meant dissolving the existing IT Army to transform into an official army unit.

This comes as Russia and Belarus signed a new digital safety agreement earlier this month to “increase the protection of the information infrastructure” and “combat destructive influences on the information resources” of the two states. At the same time, many Western outlets are issuing warnings on alleged Russian cyber warfare. Most recently, CNN said on Wednesday that Russian hackers were targeting European military and transport organizations, citing a Microsoft report. Similarly, German Interior Minister Nancy Faeser told Funke media group last month that Moscow’s hackers were a “massive danger” to Berlin.

Orthodox

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A gruesome history piece.

How Russian Identity Was Wiped Out In What Is Now Western Ukraine (Plotnikov)

Galicia, a historical region in the West of Ukraine, is currently the center of the country’s nationalist movement. However, things were once very different. A little over a hundred years ago, representatives of opposing Russophile and pro-Ukrainian political movements competed for the loyalty of the local Ruthenian population, also known as Rusyns. Galicia’s Russophiles welcomed the beginning of the First World War as a step toward an anticipated reunion with Russia. However the Ukrainian movement remained loyal to Austria-Hungary. With the help of the latter, Vienna killed off the Rusyn intelligentsia, which it considered a “fifth column”. To accomplish this, the Hapsburgs set up concentration camps. What happened next amounted to a genocide.

By the start of the First World War, the Russophile movement in Galicia was experiencing tough times. As a result of the “divide and rule” policy implemented by the Austrians, the movement suffered a split. The oldest and most respected organizations ended up in the hands of pro-Austrian leaders who advocated Ukrainian, not Rusyn, identity. After the army of the Russian Empire crossed the border on August 18, 1914, and launched an offensive in Galicia, mass repressions swept through the region. People fell victim to the rage of the Austrian authorities over trifling matters – like possessing Russian literature, being a member of a Russian society, having a Russian education, or just sympathizing with Saint Petersburg. In some cases, people were arrested just for calling themselves Russians. Prisons were full of “enemies of the state” and “dangerous Moscow agents”, and the streets were lined with gallows.

“Those suspected of ‘Russophilia’ were hung on these trees in front of the windows. People were hung right on the trees. They would hang there for a day, then would be taken off and others would take their place… ” recounted one of the peasants in the Gorodetsky district. The repressions primarily affected the intelligentsia and Orthodox priests, most of whom completed spiritual studies in the Russian Empire. Repressions against the intelligentsia were followed by those against the general public. Anyone who was thought to sympathize with Russia or Russian culture became a suspect. This included people who had once visited Russia, read Russian newspapers, or were just known as “Russophiles.” Military courts worked around the clock and a simplified procedure of legal proceedings was introduced for cases of suspected treason.

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Renz spreads his wings beyond COVID.

The Tyrants Are Passing State Laws to Push CBDCs (Thomas Renz)

For those that are living under a rock (or that have more interesting things to do than follow monetary policy) CBDC stands for Central Bank Digital Currency and it, along with gene therapy jabs, stands as the greatest threat to freedom on the planet. Digital currency is completely trackable and completely controllable. This means that the government and any corporation with the proper access will be able to know exactly how you spend every digital penny of your money. It also means that the government (or possibly global governments or global corporations) would have the ability to control what you spend your money on. Spend too much on gas they take some of your money for emitting too many greenhouse gases. Want to buy a gun… forget it.

If you think this sounds terrible you are not alone, nearly no one wants this. That means it is quite literally politically impossible to legislate CBDC into existence at the moment. Despite that, the control available to the many tyrants at the WEF, CCP, etc. is too tempting to resist so they are doing everything possible to leverage their control over the crooks like Biden and the many ignorant elected officials in our government to make it a reality. So, the question is, how are they doing it?

If COVID taught us anything it was that an emergency, real or faked, facilitates a lot of things that would never happen otherwise. The tyrants know this and are in the process of creating financial emergencies that will allow them to argue that there is no alternative but to implement CBDCs. The Biden Administration is implementing policy after policy that devalues the American dollar by limiting Americas ability to mine its own resources or produce its own goods while printing endless money. This will (or more likely is) facilitate an economic collapse. Meanwhile, WEF/CCP partner groups like Black Rock and Vanguard are leveraging their positions as major stakeholders in small and midsized banks to force the banks to accept terrible ESG and other risky investments that will, when combined with the inflation/devalued dollar and scarce resources, result in their collapse. This is an obvious thing to anyone that truly understands the inner-workings of banking (I ran a credit union for a number of years, was a compliance expert, and was involved in a number of national-level groups/projects).

Along with the effort to collapse the dollar and our banking system, the tyrants are also pushing legislation that can allow CBDCs to exist legally and without competition. This is being done in a VERY sneaky way because of the massive political opposition to anything CBDC-related. At this point, the major focus is on passing state-level legislation – particularly in a number of key RED states. Bills are being pushed that appear innocuous but are written to create a check-mate situation when CBDCs come into play. That way these red states won’t be able to oppose it.

BBC vaxx doc

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“That’s madness, and in a world of nuclear hellfire madness can indeed lead to you glowing in the dark..”

GOP Candidates: Pay Attention DC (Denninger)

Yes, Russia may be a nation with a modest GDP that exports black goo to the world in order to stay alive but it is a nation with a modest GDP that exports black goo and happens to have many thousands of nuclear devices on the business end of missiles and torpedoes both on land and sea. If sufficiently threatened with political extinction I would expect them to use those rather than die in peace and if you don’t you’re more than a bit crazy. Those (like Pence) who think Russia is the schoolyard bully who threatens but doesn’t have a pistol under his jacket are even more-insane. He knows the weapons are real, of course, as does everyone else, and for anyone to believe that a sovereign nation will simply fold to an outside influence rather than use whatever they have when facing their own political extinction due to said outside influence is to be imbued with a God Complex that should, in a Representative Republic, be an instant and permanent disqualifier from any high office in this land.


Why? Because if you believe this then you must acquiesce under the principle of “All humans are created equal and are endowed by their creator with certain unalienable rights” to extend to those other nations and if it is our place to tell them what is “acceptable” in a government and remove by force those who deem not to be then the exact same principle applies to those other nations. In other words if you hold this principle then you are endorsing Putin assassinating not just the present government (all of said government, including Congress, the Justices of the Supreme Court and the Executive) but also yourself ex-ante before the election! Oh this “right”, which you arrogate to yourself and the United States, does not just extend to Putin. It also extends to Xi, never mind every other leader of every other nation. That’s madness, and in a world of nuclear hellfire madness can indeed lead to you glowing in the dark. We would be wise to reject that with finality.

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I’m getting curious: just how careless did the family become? There are 5 of them, and they all like money. I would like to know more, though, about the “two individuals tied to the Chinese Communist Party”. What ties?

Which Biden Family Member Got Cut Of $3M CCP-Linked Wire? (ZH)

Washington DC is abuzz with speculation over which Biden family member got a cut of a $3 million wire transfer to Hunter Biden associate John “Rob” Walker, just weeks after Joe Biden was no longer Vice President in 2017.According to House Oversight Committee Chairman James Comer (R-KY) – who last week said that evidence of CCP money flowing to the Biden family was “as bad as we thought,” – revealed that bank records obtained via a subpoena have implicated a “new Biden family member” in the ongoing investigation into the first family’s finances. Comer told Fox News that Walker received a $3 million wire from two individuals tied to the Chinese Communist Party, which he then divvied up between Biden family members.

“The very next day after that wire was received, the Walker account started transferring money into three different Biden family members’ accounts, including a new Biden family member that’s never before been identified as someone being involved in the influence-peddling scheme,” Comer told host Sean Hannity (as part of several recent interviews on the network). According to Comer, GOP investigators are curious about what work Biden family members performed in exchange for the money Walker disbursed. Comer added that the $3 million wire transfer was “just the first wire that we’ve actually been able to obtain bank records on. There are many, many more.”

“The media says, ‘Well, this is a Hunter Biden investigation.’ This is an investigation of Joe Biden. And we’re investigating the Biden family and again, after this new batch of information, it expands,” Comer told “America’s Newsroom.” “There are more family members involved in this than just the president’s son. And what they’ve said in the media, ‘Oh, this was for business.’ We can’t identify any business. It appears it went into their personal account,” Comer continued, adding that he thinks that the Biden family was running an influence-peddling operation as unregistered foreign agents. “In his 2020 book, “Profiles in Corruption: Abuse of Power by America’s Progressive Elite,” investigative journalist Peter Schweizer highlighted four Biden family members in addition to Hunter who have apparently profited off their family name, as well as the connections Joe Biden has made during his nearly 50 years in politics.

Schweizer highlighted first brother James Biden’s work with HillStone International, a subsidiary of construction management firm Hill International. James Biden, according to Schweizer, joined the firm as an executive vice president just three weeks after HillStone International president Kevin Justice visited the White House in November 2010 and met with an adviser to then-Vice President Joe Biden.” -NY Post So, everything they accused the Trump family of doing?

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A little-known feature of Russia is that it has an extensive inland waterway system, known as the Unified Deep Water System of European Russia. The system links the Baltic, Black, Azov, White and Caspian seas together. Russian warships and submarines, up to a certain class (kilo-class for submarines), can theoretically access the Black Sea via this system, bypassing Turkey and the Montreux Convention.

 

 

Gates Epstein

 

 

 

 

 

 

Hawk

 

 

Sleepy friends

 

 

 

 

Support the Automatic Earth in virustime with Paypal, Bitcoin and Patreon.

 

 

 

 

 

May 102022
 
 May 10, 2022  Posted by at 8:47 am Finance Tagged with: , , , , , , ,  45 Responses »


René Magritte The muscles of the sky 1927

 

Sen. Graham Pushes To Designate Moscow a State Sponsor of Terror (Antiwar)
Dems Ditch COVID Funds To Rush $40 Billion To Ukraine (ZH)
The Rise of the New Normal Reich (CJ Hopkins)
Xi Urges Europe To Promote Russia-Ukraine Peace Talks (ZH)
Rebranding Nazism (Keenan)
Won’t Get Fooled Again (John Tierney)
Germany Admits Covid ‘Vaccine’ 40 Times Deadlier Than Previously Known (RAIR)
Ron Johnson Opens Probe Into CDC Tracking Americans Through Phone Data (JTN)
Bill Gates Wants To Build A Dystopia (Unherd)
Florida At Center Of Bid To Slow Musk’s Purchase Of Twitter (JTN)
Durham Prosecution and Sussmann Defense Outline Trial Witnesses (CTH)
FBI Panicked After Trump Tweet Accusing Obama Of Spying On Campaign (ET)
Got the Heebie-Jeebies? (Jim Kunstler)

 

 

 

 

 

 

 

 

“Graham boldly called on the US to “take out Putin” and said the Russian leader no longer had an “off-ramp.”

Sen. Graham Pushes To Designate Moscow a State Sponsor of Terror (Antiwar)

Senator Lindsey Graham said the US must pursue an even more aggressive strategy against Russia. While appearing on Fox News Sunday with Brett Baier, the hawkish Senator advocated for a barrage of actions targeting Moscow. Graham promoted a new piece of legislation he co-authored with Senator Richard Blumenthal that calls on the White House to designate Russia as a state sponsor of terrorism. Senator Graham published an op-ed Friday, arguing the designation will allow the US to conduct more legal and economic warfare against Russia. However, Graham does not link Russia to a terrorist group. Rather, he compares the invasion of Ukraine to the Nazi military campaign during World War Two and claims Vladimir Putin is a “megalomaniac wanting to rewrite the map of Europe and recreate the former Russian Empire.”

The Senator also urges the passing of the $33 billion aid bill for Ukraine, prosecuting Putin for war crimes through the International Criminal Court, and putting “more weapons in theater that can target the Russian military offensively.” On Saturday, the Speaker of the Russian State Duma claimed the Western intervention in Ukraine amounted to direct attacks on Russia. “Washington essentially coordinates and develops military operations, thereby directly participating in the hostilities against our country,” Vyacheslav Volodin said.

Baier posed two questions to Graham, asking if he was concerned that increasing military involvement in Ukraine could lead to direct confrontation with Russia. The Senator was dismissive of the potential conflict between nuclear powers saying, “we can’t let him [Putin] win in Ukraine.” Graham boldly called on the US to “take out Putin” and said the Russian leader no longer had an “off-ramp.”

Abrams tanks
https://twitter.com/i/status/1523887945022939136

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A two-party system, you said?

“..Secretary of State Antony Blinken and Defense Secretary Lloyd Austin sent a letter to House Speaker Nancy Pelosi and top House Republican Kevin McCarthy begging for the funds..”

Dems Ditch COVID Funds To Rush $40 Billion To Ukraine (ZH)

Congressional Democrats are rushing forward to whip up $39.8 billion in additional Ukraine aid, after agreeing to drop a a proposal for additional COVID-19 related funding they planned to combine. The package, which tops President Joe Biden’s $33 billion request in April, could receive a House vote as soon as Tuesday, with Senate Democrats indicating that they are prepared to move swiftly according to Reuters. “Biden on April 28 asked Congress for $33 billion to support Ukraine, including more than $20 billion in military assistance. That proposal was a dramatic escalation of U.S. funding for the war with Russia. The new proposal includes an additional $3.4 billion for military aid and $3.4 billion in humanitarian aid, the sources said.” -Reuters

While emergency aid for Ukraine has had bipartisan support for weeks, disputes over domestic funds for pandemic relief, or whether stiffer immigration controls should be included, have delayed the process. “We cannot allow our shipments of assistance to stop while we await further congressional action,” read a statement from President Biden, who called on lawmakers to expedite the funding so he could sign it within the next few days. The urgency comes after Secretary of State Antony Blinken and Defense Secretary Lloyd Austin sent a letter to House Speaker Nancy Pelosi and top House Republican Kevin McCarthy begging for the funds, which they said would run out in two weeks.

“We need your help” wrote Austin and Blinken, who said there was ‘only’ $100 million left from a presidential authorization of weapons (which required no congressional approval). “We expect to exhaust that authority no later than May 19, 2022,” the letter continues. “Senate Republican Leader Mitch McConnell told reporters he was pleased the Ukraine assistance was decoupled from COVID-19 aid. He had advocated for a “clean” Ukraine bill repeatedly in speeches in the Senate”. -Reuters

Sky News

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“..the official history of the 2020-2021 Covid pandemic is being written and the actual history being memory-holed in real time, right before our eyes.”

The Rise of the New Normal Reich (CJ Hopkins)

I told you this part wasn’t going to be pretty. I didn’t think it would get to the point where the Wall Street Journal would go full Buck Turgidson and call on the United States to “show it can win a nuclear war,” but I wasn’t entirely off the mark either. Back in January (i.e., a million years ago), in The Last Days of the Covidian Cult, I wrote: ” … we are getting dangerously close to the point where GloboCap will need to go full-blown fascist if they want to finish what they started. If that happens, things are going to get very ugly. I know, things are already ugly, but I’m talking a whole different kind of ugly. Think Jonestown, or Hitler’s final days in the bunker, or the last few months of the Manson Family.”

I don’t know about you, but I kind of feel like the threat of global thermonuclear war qualifies as a “different kind of ugly.” And, OK, before you accuse me of exaggerating the danger of the ungodly mess that GloboCap has made in the Ukraine, I’d like to point out that even Thomas Friedman is starting to sound the alarm. Thomas fucking Friedman, folks … a man with no moral conscience whatsoever, who has never met a GloboCap war of aggression that he could not support, and who has justified the gratuitous barbecuing of millions of men, women, and children without so much as a second thought throughout his long and lucrative career as an A-List mouthpiece for the ruling classes. When The Stash gets nervous, I start to get nervous.

Also, there’s the GloboCap Nazi thing. I’m not exactly a hothouse flower, but I have to admit that watching my liberal friends and colleagues go goo-goo for actual swastika-tattooed, Sieg-heiling Nazis has rattled my nerves a little bit. OK … I’m sorry, we’re not allowed to call them “Nazis.” I believe “defenders” is the term du jour. Seriously, here’s an actual screenshot from The Guardian featuring the leader of the neo-Nazi Azov Detachment …

Oh, and meanwhile, as the rough beast slouches toward Bethlehem, and the former fanatical Covidian Cultists turned fanatical Ukrainian Cultists scream for “more weapons” and “more direct engagement,” and revel in their anguish for the wives of neo-Nazis, the official history of the 2020-2021 Covid pandemic is being written and the actual history being memory-holed in real time, right before our eyes.

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Our next big enemy is asking for peace talks. Can’t trust that.

Xi Urges Europe To Promote Russia-Ukraine Peace Talks (ZH)

During a Monday virtual meeting between Chinese President Xi Jinping and German Chancellor Olaf Scholz, Xi stressed that Europe must play an active role in promoting peace talks, and in “building a balanced, effective and sustainable European security framework,” according to China’s state media. Xi said “all efforts must be made to avoid the intensification and expansion of the Ukraine conflict, and China welcomes all efforts that are conducive to promoting peace talks,” according to a translation. “China welcomes all efforts of the international community that facilitate the ceasefire and negotiations, the relevant parties should support Russia and Ukraine in reaching peace through negotiations,” the Chinese leader said further.

Since nearly the start of the conflict, Washington has charged that Beijing is providing behind-the-scenes support for Russia’s invasion of Ukraine, something which Chinese officials have consistently denied. China has also come under fire for appearing to provide political cover in its criticisms of NATO which echo the Russian position. Cui Heng, an assistant research fellow from the Center for Russian Studies of East China Normal University, was featured in China’s state-run English daily Global Times as describing Beijing’s perspective that time is running out on Washington’s muscular efforts at arming and propping up Ukrainian forces amid the Russian onslaught. This is why new pressure has been put on America’s European allies to step up and do more, even as China argues they must get serious about negotiations and compromise.

“Cui said the growing pressure and sanctions by the US and its allies showed that the West was anxious to defeat Russia, especially as the Biden administration is facing huge pressure over a weakening domestic economy and hefty financial aid for Ukraine, knowing that getting deeper into the mire of the Russia-Ukraine conflict would harm its domestic midterm election prospects,” GT states. “On the other hand, Wang said with its support for Ukraine stretched to the limit, the US was in urgent need of its allies to demonstrate their commitment to the cause, and help its military sector continue making money from sending weapons to Ukraine,” the report adds.

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“..the perennial Western purveyors of fake news, such as The New York Times, CNN and the BBC, declare themselves to be gatekeepers of truth, integrity and morality. ”

Rebranding Nazism (Keenan)

As a teacher of history, the topic of Nazi Germany is always one which generates numerous questions from students. How were the Nazis able to convince the public to vote for them? How did they convince the people to go along with their fascist agenda and barbaric policies? How was the Holocaust allowed to take place? Despite discussing the role of propaganda and censorship, as well as the fear of opposing the Nazi regime, one still finds students often somewhat bemused. Moreover, many invariably argue that nowadays, due to social media, the Internet, and other methods of communication, the evils of Nazism could never succeed in flourishing again.

However, that is about to change. One only has to look at the manner in which the Azov Battalion, a fully-fledged Ukrainian Nazi militia, with significant influence, has been whitewashed in the space of ten weeks. Whereas prior to February 24th 2022, they were recognised as a neo-Nazi battalion, these fascists are now being portrayed as valiant defenders of an oppressed people, fighting bravely against insurmountable odds. In the past, we have become only too well aware of the role played by the media and big tech in propagandising and manufacturing consent. Whether it’s the mainstream media parroting establishment talking points, Facebook, Twitter and Youtube censoring dissenting views, or Paypal denying media outlets access to their own accounts apparently due to their political stances, Western disinformation full-spectrum dominance appears to be at its zenith.

Yet, the perennial Western purveyors of fake news, such as The New York Times, CNN and the BBC, declare themselves to be gatekeepers of truth, integrity and morality. And this, despite their lies which facilitated the slaughter and deaths of over a million men, women and children, in the invasion and occupation of Iraq. But still it goes on, right up to the present. From the Ghost of Kiev to Snake Island, the Collective Western media has acted as stenographers for the Western and Ukrainian regimes. The examples are too numerous to mention, but the media coverage of the air strike at a railway station in Kramatorsk provided a striking example of the overt and cynical propaganda role the western media has played throughout this conflict.

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“They assumed that the Centers for Disease Control knew how to control disease and that scientists and public-health officials would provide sound scientific guidance about public health. Those were reasonable assumptions. They just turned out to be wrong..”

Won’t Get Fooled Again (John Tierney)

It’s been a two-year-long version of Hell Week, especially in America’s blue states, with Anthony Fauci and Democratic governors playing the role of fraternity presidents humiliating the pledges. Americans obediently donned masks day after day, stood six feet apart, disinfected counters, and obsessively washed their hands while singing “Happy Birthday.” They forsook visits to friends and relatives and followed orders to skip work and church. They forced young children to wear masks on the playground and in the classroom—a form of hazing too extreme even for Europe’s progressive educators. Some Americans refused to submit to these rituals, but their resistance only intensified solidarity among the faithful. The most zealous kept their masks on even after they were vaccinated, even when walking alone outdoors.

The mask became their version of a MAGA hat or a fraternity brother’s ring; some have vowed to keep wearing theirs long after the pandemic. They’ve already called for permanent masking on airplanes, trains, and buses, and they’ll probably clamor for more school closures and lockdown measures during future flu seasons. Facts alone will not be enough to change their minds. To undo the effects of the hazing, we need to ease their cognitive dissonance by showing that they’re not to blame for their decisions. The mental mistakes were not made by citizens who dutifully sacrificed for two years. They assumed that the Centers for Disease Control knew how to control disease and that scientists and public-health officials would provide sound scientific guidance about public health. Those were reasonable assumptions. They just turned out to be wrong.

After a great disaster, the traditional response is to appoint a blue-ribbon panel to investigate it, and a bill has already been introduced in Congress to create a Covid commission. In theory, this could be a worthy public service, allowing experts to sift the evidence impartially and determine which strategies worked, which ones failed, how much needless damage was done—and whom to blame for it. But in practice, which experts would the current Democratic administration or Congress appoint? Presumably, the pillars of the public-health establishment—the same luminaries whose advice was followed so calamitously the past two years.

Aerosols

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Cracks are showing.

Germany Admits Covid ‘Vaccine’ 40 Times Deadlier Than Previously Known (RAIR)

German study: The number of those suffering from serious complications after taking the COVID vaccine is 40 times higher than previously known. Charité in Berlin is carrying out a study on the side effects of receiving corona vaccinations. Professor Harald Matthes is leading the research and is calling for more contact points for those affected. The study “Safety Profile of Covid-19 Vaccines”, which focuses on the effects and side effects of the various vaccines, has been running for a year. Around 40,000 vaccinated people are interviewed at regular intervals throughout Germany. Participation in the study is voluntary and independent of how the vaccines work in the subjects.

One result: eight out of 1,000 vaccinated people struggle with serious side effects. “The number is not surprising,” explains Prof. Dr. Harald Matthes, head of the study: “It corresponds to what is known from other countries such as Sweden, Israel, or Canada. Incidentally, even the manufacturers of the vaccines had already determined similar numbers in their studies.” With conventional vaccines, such as against polio or measles, the number of severe side effects is significantly lower. Serious side effects are symptoms that last for weeks or months and require medical attention. These include muscle and joint pain, heart muscle inflammation, excessive reactions of the immune system, and neurological disorders, i.e., nervous system impairments.

“Most side effects, including severe ones, subside after three to six months; 80% heal. But some last much longer,” reports Professor Matthes. Around 179 million Covid-19 vaccine doses have been administered in Germany so far. “Given around half a million cases with serious side effects after Covid vaccinations in Germany, we doctors have to take action,” emphasizes Prof. Matthes, who, in addition to his work at the Berlin Charité, is on the board of several medical specialist societies and has been systematically examining the effect of medicinal products for years. “We have to come to therapy offers, discuss them openly at congresses and in public without being considered anti-vaccination.”

It is particularly depressing for those affected that their complaints are often not taken seriously. Doctors in private practice would often not associate the symptoms with the vaccinations because they were either not prepared for them or did not want to expose themselves, given the heated political mood. This is also evidenced by the many letters to the head of the study, Professor Matthes. Those affected describe their often months-long search for practical medical help and recognition. In addition, they show that suspected cases are not officially reported. And so, the numbers of severe vaccination reactions at the Paul Ehrlich Institute, at 0.2 reports per 1,000 vaccine doses, are also significantly lower than those in the Charité study.

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CDC=China.

Ron Johnson Opens Probe Into CDC Tracking Americans Through Phone Data (JTN)

Wisconsin Republican Sen. Ron Johnson is investigating the Centers for Disease Control and Prevention (CDC) for tracking millions of Americans during the COVID-19 pandemic. The CDC paid one company $420,000 to access location data for at least 20 million cell phones a day, a Vice Motherboard investigation revealed last week. While the CDC claimed it needed access to the data to fight COVID, documents show the data was used “to support non-COVID-19 programmatic areas and public health priorities.” Johnson criticized the CDC’s phone tracking efforts Monday on “Just the News – Not Noise.” “Just because data exists, doesn’t mean that the government should be using it to track Americans, I would think that that really raises some very serious constitutional issues,” Johnson noted.


In a letter to CDC Director Rochelle Walensky on Thursday, Johnson wrote, “It remains unclear why the CDC tracked millions of Americans during the pandemic and whether it continues to do so. In response to COVID-19, the CDC should have been prioritizing the development of treatments, effective testing, and vaccine safety rather than tracking Americans’ daily lives.” He demanded answers from the CDC on the purchase and use of location data, including whether the agency used other mechanisms to monitor Americans throughout the pandemic. Johnson told editor-in-chief John Solomon, “I think the government is becoming way too big, and way too powerful.”

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“Molnupiravir costs US$17.74 per dose to manufacture, according to an estimate from researchers at Harvard and King’s College London, but is being retailed to the US government for US$712 per course — a profit of 4,000%..”

Bill Gates Wants To Build A Dystopia (Unherd)

Now Gates is tired of all the conspiracies. He asks his critics to judge him by his actions. And the best way to do so is by reading the book: does Gates have anything sensible to say about the best way to combat future pathogenic outbreaks? His model for the future is built on what he feels has worked over the past two years: isolate contacts, close borders, lockdown as quickly as possible, then remove restrictions slowly and cautiously. He cites Dr Anthony Fauci, who Gates says he spoke to once a month during the pandemic: “Not only should you appear to overreact at first, as Tony Fauci said, but you also have to be careful about relaxing all NPIs [non-pharmaceutical interventions] too soon.”

Meanwhile, you should invest enormous sums in boosting global public health systems, vaccine production in poor and rich countries, and fund a Global Pandemic Emergency Response Unit to monitor potential outbreaks. The aim, says Gates, is to vaccinate the entire world — twice if necessary — within six months while lockdown measures restrict the spread of the new pathogen. It all sounds so reasonable, doesn’t it? Or it might do to those who haven’t seen the footage of Shanghai’s lockdown circulating on social media, to those who can work online in relative comfort, or indeed to billionaires with comfortable gardens and libraries in which to while away those six months. With the Gates model, a little translation is in order.

The massive investment required to make this vision happen is a good starting point. Where will it come from? Gates is a well-known philanthropist, and makes much of the more than US$2 billion which the Bill and Melinda Gates Foundation have ploughed into fighting Covid-19. Yet this is a small amount compared to the US$6 billion that the US government has invested in the Moderna vaccine alone. As Gates points out, “Most of the world’s greatest talent for translating research into commercial products is in the private sector… It’s the government’s role to invest in the basic research that leads to major innovations, adopt policies that let new ideas flourish.”

Translation: taxpayers invest in developing products through government agencies, and private companies and their shareholders reap the profits. How does this work in practice? Gates does not give what we might call full disclosure. He offers the example of the antiviral Molnupiravir which “Merck and its partners developed”. It was authorised to great fanfare as a Covid treatment in November 2021. Yet Merck did not develop this drug. It was initially developed as a veterinary drug for horses at Emory University, with a US$19 million grant from Fauci’s NIAID and funding from other sectors of the US government. Molnupiravir costs US$17.74 per dose to manufacture, according to an estimate from researchers at Harvard and King’s College London, but is being retailed to the US government for US$712 per course — a profit of 4,000%.

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“..because of an arrangement he reportedly had with Twitter founder Jack Dorsey and Musk’s financial adviser Morgan Stanley, the plaintiffs argue Musk was an “interested stockholder”..”

Florida At Center Of Bid To Slow Musk’s Purchase Of Twitter (JTN)

Florida is once again at the center of a Twitter war, this time by an Orlando pension fund attempting to slow its purchase after Gov. Ron DeSantis said the state was looking into ways it can potentially “hold accountable” Twitter’s board of directors. The city of Orlando’s Police Pension Fund filed a class action lawsuit May 6 in an attempt to block or slow the sale of Twitter. It argues Delaware law prevents billionaire Elon Musk from immediately purchasing Twitter because it alleges he’s “an invested stockholder.” The lawsuit could hold up Musk’s $44 billion approved purchase of Twitter until 2025 if a judge rules in the plaintiffs’ favor.

The $734 million pension fund, the only plaintiff in the lawsuit, filed in Delaware Chancery Court. Twitter, Inc., Parag Agrawal, Mimi Alemayehou, Jack Dorsey, Egon Durban, Martha Lane Fox, Omid Kordestani, Fei-Fei Li, Patrick Pichette, David Rosenblatt, Bret Taylor, Robert Zoellick, and Elon Musk are named as defendants. On April 25, Twitter agreed to Musk’s terms to purchase its entire stock at $54.20 a share in cash, valued at roughly $44 billion. However, the lawsuit alleges the sale “may not lawfully close until 2025 absent approval by the affirmative vote of 66 2/3% of Twitter’s voting stock not ‘owned’ by Musk,” citing Section 203 of Delaware corporate law.

Section 203 prohibits corporations from engaging in any business with any stockholder for at least three years after the date the stockholder owns at least 15% of the corporation’s outstanding stock. Musk owned 9.6% of Twitter’s outstanding voting stock when its board approved the sale. But because of an arrangement he reportedly had with Twitter founder Jack Dorsey and Musk’s financial adviser Morgan Stanley, the plaintiffs argue Musk was an “interested stockholder” representing more than 15%. Dorsey owned 2.4%, and Morgan Stanley 8.8%, at the time of the sale.

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“If Sussmann is found guilty it makes the media culpability look even worse. The media was pushing the same false information to the public that Michael Sussmann was pushing into the FBI.”

Durham Prosecution and Sussmann Defense Outline Trial Witnesses (CTH)

With mostly wins and a few losses in the pre-trial evidentiary hearings for Special Counsel John Durham, the case against Clinton lawyer Michael Sussmann is scheduled for trial next week. Now the witness lists are coming forth. WASHINGTON – […] “Robby Mook, who managed Hillary Clinton’s 2016 campaign, Clinton campaign attorney Marc Elias and FBI counterintelligence leader Bill Priestap and former top FBI lawyer James Baker are among those called as government witnesses, said prosecutor Andrew DeFilipiis”. Additionally, Laura Seago, a top tech official at research firm Fusion GPS (she has immunity in exchange for testimony); Deborah Fine, a Clinton campaign lawyer; and a CIA official identified as Kevin B are also on the prosecution list.

[…] Defense attorneys unveiled their own high-powered witness list. It includes Justice Department Inspector General Michael Horowitz, former acting Assistant Attorney General Mary McCord and Pulitzer Prize-winning New York Times reporter Eric Lichtblau. Depending on preset Perkins Coie leverage and risk exposure, other officials from deep inside the DOJ/FBI small group operation may also be forced to stand as defense witnesses by Sussmann’s team. The lawfare combat teams look interesting. The prosecution calling Marc Elias as a witness looks like a great opportunity for: (1) evidence against him for later use; and/or (2) a perjury trap. The defense planning to call Inspector General Michael Horowitz puts the office of the IG into a suspicious position. Horowitz is a baddie.

Mary McCord is a conniving manipulator for the worst elements of the deep state, so it makes sense she would give testimony to defend Sussmann. McCord was a central figure in how the DOJ National Security Division sought to frame the appearance of the Trump-Russia collusion nonsense, and it was Mary McCord who later coordinated the National Security Council leaks between Alexander Vindman and anonymous CIA whistleblower, Eric Ciaramella. [..] On the prosecution side, Laura Seago (with immunity) has details of the motives inside Fusion GPS by owner/operators Glenn Simpson and Peter Fritsch. Her testimony should be interesting and will likely overlap into other prosecutions if there are any.

Bill Priestap was Peter Strzok’s boss and James Baker was FBI legal counsel. If there was anyone who seemed less willing (slightly) to frame Trump you could make an argument that Priestap and Baker were the least corrupt on the scale of internal corruption. From the perspective of criminal conduct they would be the two FBI insiders less willing to take a fall. Keep in mind the media has a strong vested interest in the Sussmann prosecution. If Sussmann is found guilty it makes the media culpability look even worse. The media was pushing the same false information to the public that Michael Sussmann was pushing into the FBI.

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“The FBI also knew that the Alfa Bank story, which claimed that a Trump server was communicating with a Russian bank—information that had been brought to them by Sussmann—was bogus.”

FBI Panicked After Trump Tweet Accusing Obama Of Spying On Campaign (ET)

Newly released notes taken by high-level Department of Justice (DOJ) officials during a March 6, 2017, meeting with FBI leadership expose some of the lengths the FBI engaged in to cover up its spying on the 2016 campaign of President Donald Trump. The notes were released on May 8 by lawyers representing former Hillary Clinton campaign lawyer Michael Sussmann as part of an effort to clear him on charges of having lied to the FBI. The notes, in reality, appear to do little to exonerate Sussmann but do provide quite a bit of information on the FBI. The meeting at which the notes were taken took place just two days after Trump’s March 4, 2017, tweet in which he accused former President Barack Obama of having wiretapped Trump Tower.

Trump’s tweet panicked FBI leadership, who were unsure exactly how much Trump knew about their efforts to tie him up with Russia collusion allegations. What the notes reveal is that in response to the tweet, they tried to cover their tracks. By March 2017, FBI leadership already knew with near-certainty that the Trump–Russia collusion claims were a hoax. They knew that Clinton’s campaign had a plan to vilify Trump by portraying him as a puppet of Putin. The FBI also knew that not a single claim in the so-called Steele dossier—which was the primary source of allegations of Trump–Russia collusion—had checked out. In fact, at that point, the FBI had already spent three days interviewing Steele’s primary source, Igor Danchenko, who disavowed pretty much every claim in Steele’s dossier.

The FBI also knew that the Alfa Bank story, which claimed that a Trump server was communicating with a Russian bank—information that had been brought to them by Sussmann—was bogus. In short, the FBI knew that all the claims of Trump-Russia collusion had proven to be fake. But things took a sudden and dramatic turn on March 4, 2017, when Trump said on Twitter that he knew that Obama had wiretapped Trump Tower, a very public claim of spying that set off alarm bells with both FBI and DOJ leadership. Trump’s tweet so alarmed these DOJ and FBI officials that the topic dominated a meeting two days later that included FBI Deputy Director Andrew McCabe and the acting U.S. attorney general, Dana Boente.

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“Are they beset by “disinformation” or is it rather the reality of a cratering nation run by idiots and maniacs?”

Got the Heebie-Jeebies? (Jim Kunstler)

Everyone I know is walking around in a baseline state of nervous agitation. Are they beset by “disinformation” or is it rather the reality of a cratering nation run by idiots and maniacs? Everywhere you look, calamities gather speed while the klaxons of alarm blare from all compass points. Got money? Looks like soon it will be worthless. Wondering if Mr. Putin has had enough of “Joe Biden’s” brainless effrontery to lob some hypersonic Big Ones in our collective face? Relying on that retirement account you have no direct control over while the financial markets wobble? Need to fill up the gas tank of your pickup truck twice a week? Can’t find a new condenser to fix the failing fridge? Entertaining rumors of looming famine. Credit cards maxed out?

Sheriff stapling an eviction notice on your door? Beloved younger brother declaring that henceforward they are your sister? Hearing that all those vaxxes and boosters you obediently submitted to might rearrange your DNA? These are just a few of the concerns zinging through the zeitgeist these late days of the republic. You are correct to be anxious about them, so at least don’t worry about worrying. Just understand that the more events spool out in the direction of danger, the more you will be warned against “disinformation.” The good part is that now we know the identity of at least one person who is officially in charge of that: “disinformation expert” Nina Jankowicz (NiJank), new chief of Washington’s Disinformation Governance Board. Whose idea was that, by the way?

Homeland Security Sec’y Alejandro Mayorkis (AlMay) didn’t seem to know anything pertaining to disinformation last week when grilled in committee by Senator Rand Paul (R-KY), including two of the most notorious cases in recent memory: Did the Steele Dossier include Russian disinformation? AlMay said he was “not equipped” to answer that question. Ditto the question — now definitively settled — as to whether Hunter Biden’s laptop stuffed with grifting memoranda was for-real. Of course, both of those matters were labeled previously as disinformation by his new expert hire, NiJank, who, it appears, is similarly unequipped to discuss the particulars at issue. But all this does raise the parallel issue: how much depraved insolence is the public supposed to tolerate from its public servants?

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WEF

 

 

 

 

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Mar 042022
 
 March 4, 2022  Posted by at 9:56 am Finance Tagged with: , , , , , , , ,  55 Responses »


Pablo Picasso Self portrait 1906

 

Echoes of 2003 (Sam)
Putin: Crazy Like a Fox (Scott Ritter)
Ukraine & Nukes (Starr)
Ukraine Has A “Nazi” Problem That NATO And USA Do Not Talk About (Jain)
Russia, Ukraine, Nato, the EU – and a Few Good Men (Maajid Nawaz)
“The Fascist Ukrainians Would Kill Me, They Don’t Let Us Leave The City” (GCT)
Ban on Russian Cats (Lauria)
Senator Lindsey Graham Calls for the Assassination of Vladimir Putin (CTH)
Reporter Leaves After Outlet ‘Corrects’ Her Chrystia Freeland Story (PM)
The Convoy Donor Witch Hunt Is Un-Canadian (TSun)
Systematic Undercounting Of Deaths Within First 2 Weeks Of Vaccination (RG)
Pfizer Feb. 2021 “Post Marketing” Vaccine Side Effects Tally Raises Alarms (NC)
NIH Orders Sweeping Review Of Experiments On Viruses And Other Pathogens (WaPo)
White House Wants To Waste $22.5 Billion Fighting Long Gone Pandemic (WT)

 

 

 

 

 

 

US former military
https://twitter.com/i/status/1499137628456763392

 

 

 

 

Black sea shipping

 

 

History rhymes. Expect “A congressional or UN testimony from a vaguely eastern European female child about the horrors of war.”

Echoes of 2003 (Sam)

I’m old enough to remember the build up to the second invasion of Iraq in 2003, and those memories have been in the back of my mind all week. The powers that be (I always liked the term “board of directors” when referring to the elites) seem to have learned nothing since 2016. When beltway zealots were pulling their hair out in 2016, trying to understand how Donald Trump won the election I was not confused at all. The internet. We have an alternative to legacy media. While not a perfect window into the world and not immune from abuse, the internet has given people multiple on-ramps to begin questioning the narrative. The board of directors is yet to catch on and seem to be using the same media strategies that went out of style in the late 90’s.

They continue to use orthodox, anointed new outlets to push a selected narrative. This time around anyone straying off script is being labeled a “tankie” rather than a Baathist. Some of my favorite talk show hosts have even started sounding more like Glenn Beck circa 2003. When every news channel, newspaper, radio station, and mainstream blog is going full MOCKINGBIRD, I get worried, so here are some of my short term predictions:
• Expect some cyber attack or major homeland event that will cover for the stock market’s inevitable crash while simultaneously providing a stand in for the Gulf of Tonkin incident.
• A shift in messaging from “Ukraine is holding them back!” to “Ukraine is F’d unless we do something.”
• A congressional or UN testimony from a vaguely eastern European female child about the horrors of war.

History may not repeat itself, but it definitely rhymes.

Anne -Laure Bonnell
https://twitter.com/i/status/1499569308153880576

French truth

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“..the likelihood that Europe balks at a resumption of the Cold War is high..”

Putin: Crazy Like a Fox (Scott Ritter)

Whereas Russia has had the luxury of having consistent leadership for the past two decades, and can look to another decade or more of the same, Western leadership is transient in nature. One need only reflect on the fact that Putin has, in his time in office, dealt with five U.S. presidents who, because of the alternating nature of the political parties occupying the White House, have produced policies of an inconsistent and contradictory nature. The White House is held hostage to the political constraints imposed by the reality of domestic partisan politics. “It’s the economy, stupid” resonates far more than any fact-based discussion about the relevance of post-Cold War NATO. What passes for a national discussion on the important issues of foreign and national security are, more often than not, reduced to pithy phrases.

The complexities of a balanced dialogue are replaced by a good-versus-evil simplicity more readily digested by an electorate where potholes and tax rates matter more than geopolitics. Rather than try to explain to the American people the historical roots of Putin’s concerns with an expanding NATO membership, or the impracticalities associated with any theoretical reconstitution of the former Soviet Union, the U.S. political elite instead define Putin as an autocratic dictator (he is not) possessing grandiose dreams of a Russian-led global empire (no such dreams exist). It is impossible to reason with a political counterpart whose policy formulations need to conform with ignorance-based narratives.

Russia, confronted with the reality that neither the U.S. nor NATO were willing to engage in a responsible discussion about the need for a European security framework which transcended the inherent instability of an expansive NATO seeking to encroach directly on Russia’s borders, took measures to change the framework in which such discussions would take place. Russia had been seeking to create a neutral buffer between it and NATO through agreements which would preclude NATO membership for Ukraine and distance NATO combat power from its borders by insisting the alliance’s military-technical capabilities be withdrawn behind NATO’s boundaries as they existed in 1997. The U.S. and NATO rejected the very premise of such a dialogue.

The Russian invasion of Ukraine must be evaluated within this context. By invading Ukraine, Russia is creating a new geopolitical reality which revolves around the creation of a buffer of allied Slavic states (Belarus and Ukraine) that abuts NATO in a manner like the Cold War-era frontier represented by the border separating East and West Germany. Russia has, by redeploying the 1st Guards Tank Army onto the territory of Belarus, militarized this buffer, creating the conditions for the kind of standoff that existed during the Cold War. The U.S. and NATO will have to adjust to this new reality, spending billions to resurrect a military capability that has atrophied since the collapse of the Soviet Union.

Here’s the punchline — the likelihood that Europe balks at a resumption of the Cold War is high. And when it does, Russia will be able to exchange the withdrawal of its forces from Belarus and Ukraine in return for its demands regarding NATO’s return to the 1997 boundaries. Vladimir Putin may, in fact, be crazy — crazy like a fox.

Putin

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“In his Feb. 21 televised address, Putin said Ukraine still has the infrastructure leftover from Soviet days to build a bomb..”

Ukraine & Nukes (Starr)

The importance of neo-Nazi Right Sektor politicians in the Ukraine government and neo-Nazi militias (such as the Azov Battalion) to the Ukrainian Armed Forces, also goes unreported in the mainstream corporate media. The Azov battalion flies Nazi flags; they have been trained by teams of U.S. military advisers and praised on Facebook these days. In 2014, Azov was incorporated in the Ukrainian National Guard under the direction of the Interior Ministry. The Nazis killed something on the order of 27 million Soviets/Russians during World War II (the U.S. lost 404,000). Russia has not forgotten and is extremely sensitive to any threats and violence coming from neo-Nazis. Americans generally do not understand what this means to Russians as the United States has never been invaded.

So, when the leader of Ukraine essentially threatens to obtain nuclear weapons, this is most certainly considered to be an existential threat to Russia. That is why Putin focused on this during his speech preceding the Russian invasion of Ukraine. Sanger and The New York Times must discount a Ukrainian nuclear threat; they can get away with doing so because they have systematically omitted news pertaining to this for many years. Sanger makes a very misleading statement when he writes, “Today Ukraine does not even have the basic infrastructure to produce nuclear fuel.” Ukraine is not interested in making nuclear fuel — which Ukraine already purchases from the U.S.

Ukraine has plenty of plutonium, which is commonly used to make nuclear weapons today; eight years ago Ukraine held more than 50 tons of plutonium in its spent fuel assemblies stored at its many nuclear power plants (probably considerably more today, as the reactors have continued to run and produce spent fuel). Once plutonium is reprocessed/separated from spent nuclear fuel, it becomes weapons usable. Putin noted that Ukraine already has missiles that could carry nuclear warheads, and they certainly have scientists capable of developing reprocessing facilities and building nuclear weapons. In his Feb. 21 televised address, Putin said Ukraine still has the infrastructure leftover from Soviet days to build a bomb. He said:

“As we know, it has already been stated today that Ukraine intends to create its own nuclear weapons, and this is not just bragging. Ukraine has the nuclear technologies created back in the Soviet times and delivery vehicles for such weapons, including aircraft, as well as the Soviet-designed Tochka-U precision tactical missiles with a range of over 100 kilometers. But they can do more; it is only a matter of time. They have had the groundwork for this since the Soviet era. In other words, acquiring tactical nuclear weapons will be much easier for Ukraine than for some other states I am not going to mention here, which are conducting such research, especially if Kiev receives foreign technological support. We cannot rule this out either.

If Ukraine acquires weapons of mass destruction, the situation in the world and in Europe will drastically change, especially for us, for Russia. We cannot but react to this real danger, all the more so since let me repeat, Ukraine’s Western patrons may help it acquire these weapons to create yet another threat to our country.”

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“Another North American country, Canada, is too being accused of fostering neo-Nazis and war criminals in Ukraine..”

Ukraine Has A “Nazi” Problem That NATO And USA Do Not Talk About (Jain)

While the Ukrainian government nurtures extremist organisations like Azov Batallion, it is their European neighbours who have to bear the brunt of this neo-Nazi ideology that is rapidly spreading its claws across the globe. According to Lower Class Magazine, a leftist German publication, Azov has a semi-underground corps called the “Misanthropic Division” that draws fresh blood among the ranks of neo-Nazi youth in France, Germany and Scandinavia. The new recruits are promised training with heavy and modern weaponry, including tanks, at Ukrainian camps alongside fascist fellow inductees. Reportedly, foreign Azov volunteers are motivated by the call of the “Reconquista”—a pursuit to place the eastern European nations under the rule of a white supremacist dictatorship, drawing inspiration from the Nazi Reichskommissariat rule that controlled Ukraine at the time of World War II.

A raft of Azov volunteers in Ukraine harbour this dream of reestablishing Ukraine as a white supremacist nation that has under its control large tracts of land from neighbouring European nations. Even so, the United States government is partly to be blamed for the ominous rise of the neo-Nazi groups in Ukraine. Over the years, the cooperation between the Azov Battalion and the American Military has only grown deeper. In 2018, it was reported that Azov Battalion had received teams of American military advisors and high powered US-made weapons. In November 2017, a US military inspection team had also visited the Azov Battalion on the frontlines to deliberate on strengthening cooperation and providing logistical support in their military operations.

Recently, Democrat Senate member in the United States, Bob Menendez, introduced legislation that sought to grant Ukraine $500 million for the purchase of arms and impose what he called “mother of all sanctions” on Russia should it dare to attack. However, what was striking was the absence of any mechanism to oversee if the weapons bought from the US aid would be used by white supremacist organisations like the Azov Battalion. The US legislators had no qualms with the arms they donated to Kyiv going into the hands of anti-semitic outfits like the Azov Battalion so long as they helped them in discouraging Russia from launching an attack into eastern Ukraine.

Another North American country, Canada, is too being accused of fostering neo-Nazis and war criminals in Ukraine. Earlier last year, many Jewish groups raised concerns regarding the involvement of Canadian troops in training neo-Nazis and war criminals from Ukraine. They pointed to a video that highlighted Ukrainian paratroopers singing a song to praise Stepan Bandera, an anti-Semite and Nazi collaborator whose organisation was linked to the murder of more than 100,000 Jews and Poles during the second world war.

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More Azov.

Russia, Ukraine, Nato, the EU – and a Few Good Men (Maajid Nawaz)

I should not have to repeat the following, but we are where we are in history and so I find myself having to: I have long been a critic of Putin. I have probably opposed Putin before a wider audience than most of my critics. My animas against Putin is visible online for all to see. It started because I stood firmly with the Syrian Arab uprising against the dictator Assad in Syria, who Putin supported. I stood with the Syrian people then as I stand with all of the people in Ukraine today. Our opposition to Putin in Syria by no means meant that any of us supported ISIS in Syria either. My opposition to ISIS-style extremism is too well documented even to need hyperlinked references. Most of us were able to oppose both Assad and his ally Putin, as well as oppose ISIS.

This is because most of us were able to hold two thoughts in our heads at the same time. This is just like in history, where most of us can see that the Soviet Union and the Third Reich were two sides of the same totalitarian coin. So why has it become so hard for most of us to condemn both Putin’s attack on Ukraine while also condemning our and our ally Ukraine’s state-funding, training and arming of the armed Nazi battalion Azov in Ukraine? Again, to be clear, this is not to deny Ukraine’s right to defend itself. This is also not to ignore Putin’s authoritarianism. This is a critique of the Ukrainian state’s decision to do so by raising and formally incorporating specifically neo-Nazi armed battalions into its armed forces. And the focus is on Ukraine here because they are our ally, we are sending them arms, and so we are culpable.

Formal, insignia raising Neo-Nazi battalions in the Ukrainian armed forces and police, surely not? Read on. The truth is far worse than that I’m afraid.

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And still more. “Mariupol, in which 120,000+ ethnic Greeks live..”

“The Fascist Ukrainians Would Kill Me, They Don’t Let Us Leave The City” (GCT)

With Russian forces besieging Mariupol, in which 120,000+ ethnic Greeks live, SKAI news spoke with a Mr Kiouranas who lives in the city and exposed that Ukrainian “fascists” are killing people for trying to leave the city. When asked by SKAI news if he planned to leave the city, Kiouranas responded “how can I leave? When you try to leave you run the risk of running into a patrol of the Ukrainian fascists, the Azov Battalion.” “They would kill me and are responsible for everything,” he added. Azov Special Operations Detachment , or Azov Battalion, is a right-wing extremist and neo-Nazi unit of the National Guard of Ukraine, based in Mariupol, in the Azov Sea coastal region.

In 2014, the regiment gained notoriety after allegations emerged of torture and war crimes, as well as neo-Nazi sympathies and usage of associated symbols by the regiment itself, as seen in their logo featuring the Wolfsangel, one of the original symbols used by the 2nd SS Panzer Division Das Reich. In 2014, a spokesman for the regiment said around 10–20% of the unit were neo-Nazis. In 2018, a provision in an appropriations bill passed by the U.S. Congress blocked military aid to Azov on the grounds of its white supremacist ideology; in 2015, a similar ban on aid to the group was overturned by the Congress. Members of the regiment come from 22 countries and are of various backgrounds. More than half of the regiment’s members speak Russian and come from eastern Ukraine, including cities of Donetsk and Luhansk.

The unit’s first commander was far-right nationalist Andriy Biletsky, who led the neo-Nazi Social-National Assembly and Patriot of Ukraine. In its early days, Azov was a special police company of the Ministry of Internal Affairs, led by Volodymyr Shpara, the leader of the Vasylkiv, Kyiv, branch of Patriot of Ukraine and Right Sector. In 2018, the U.S. House of Representatives also passed a provision blocking any training of Azov members by American forces, citing its neo-Nazi connections. The House had previously passed amendments banning support of Azov between 2014 and 2017, but due to pressure from The Pentagon, the amendments were quietly lifted. This was protested by the Simon Wiesenthal Center which stated that lifting the ban highlighted the danger of Holocaust distortion in Ukraine.

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“A university in Italy even tried to ban a course on Fyodor Dostoevsky, but reversed itself after an outcry.”

Ban on Russian Cats (Lauria)

The International Federation of Felines (FIFe) on Tuesday ordered a ban on the importation of Russian-bred cats, presumably anywhere in the world. “No cat bred in Russia may be imported and registered in any FIFe pedigree book outside Russia, regardless of, which organization issued its pedigree,” the FIFe board said in a statement. The board said the ban was imposed because of events in Ukraine: “The FIFe Executive Board is shocked and horrified that the army of the Russian Federation invaded the Republic of Ukraine and started a war. Many innocent people died, many more are wounded and hundreds of thousands of Ukrainians are forced to flee their homes to save their lives. We can all witness the destruction and chaos caused by this unprecedented act of aggression.

On top of that our Ukrainian fellow feline fanciers are desperately trying to take care of their cats and other animals in these trying circumstances. We are extremely happy that many members of FIFe clubs bordering Ukraine, such as Poland, Romania, Hungary, Slovakia and Moldova, are lending a helping hand to their Ukrainian breeder friends. The Board of FIFe feels it cannot just witness these atrocities and do nothing, so it decided that as of 01.03.2022: No cat bred in Russia may be imported and registered in any FIFe pedigree book outside Russia, regardless of, which organization issued its pedigree. No cat belonging to exhibitors living in Russia may be entered at any FIFe show outside Russia, regardless of, which organization these exhibitors hold their membership in.”

So far the International Canine Association has said nothing about Russian dogs. Russian birds cannot be stopped from flying over the border. Apparently taking no public position on Ukraine — no matter one’s walk in life — is making oneself an accomplice to Russia’s actions. It demonstrate the kind of pressure felt by ordinary people to not be seen as siding with Russia, even if that means not importing Russian cats. It also highlights U.S. impunity for massive, unprovoked attacks on other nations, such as Iraq in 2003, that provoked no such public outcry in the West. On the contrary, dumping French wine and renaming French fries “Freedom Fries” was the outcry against France trying to stop that disastrous invasion.

The cat ban follows voluntary actions against Russian cultural and sporting organizations and individuals that fall outside the scope of U.S. and European sanctions. On Monday Russian orchestra conductor Valery Gergiev was fired from his job at the Munich Philharmonic Orchestra. He has also been banned by orchestras in Rotterdam, Vienna and at Carnegie Hall in New York. Warner Brothers has delayed releases of its films in Russia; Spotify has closed its office in Russia; the Glasgow Film Festival has dropped two Russian films and the Venice Biennale has removed Russia’s pavilion among other cultural bans. A university in Italy even tried to ban a course on Fyodor Dostoevsky, but reversed itself after an outcry.

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“We are in very tenuous place, because no one is thinking about an off ramp…. it’s full speed ahead..”

Senator Lindsey Graham Calls for the Assassination of Vladimir Putin (CTH)

In a public tweet tonight, Senator Lindsey Graham calls for the assassination of Russian President Vladimir Putin. The propaganda push from the U.S. government is actually quite remarkable to watch unfold. I mean seriously, there’s a point when you don’t go all-in because there has to be an exit option. We are in very tenuous place, because no one is thinking about an off ramp…. it’s full speed ahead. If Lindsey Graham, Joe Biden, NATO, the EU, World Bank, International Monetary Fund, Word Economic Forum and the multinational corporations in this alliance of Public/Private geopolitical partnerships, succeed in the fight against Vladimir Putin – I promise you, we are not going to like the world on the other side of their victory.

A few weeks ago, Canadian Prime Minister Justin Trudeau sent a clear and specific message to citizens in Canada when he sanctioned the trucker’s bank accounts. Joe Biden, NATO and EU are right now sending a clear message to the citizens of the world, as they sanction Putin’s bank accounts and the Russian economy. If you can’t see the connection, you are not thinking carefully enough about it. Everything will be different now. Reverse the scenario a little. How would Bill Gates, Warren Buffet, Tim Cook or Jeff Bezos feel if another country, perhaps China, decided to confiscate their wealth and yachts or whatever else they deemed to be wealth – including their business operation inside China, or India or any nation that wanted to curry favor with China – because we invaded Iraq, or Syria, or (fill_in_blank)?


Previously, these geopolitical sanctions would target government, not people, regardless of how rich they are or who they agreed with politically. What we are seeing is a full-blown alignment of interests between globalist government and their partnered multinational corporations and financial institutions. This is not a good thing to witness regardless of the outcome in Ukraine. Think about the direct message and the implications here. Think about the world of multinational corporate compliance and how they will kneel to the dictates of political power in the aftermath of this current enterprise. If this collective group of multinationals and government interests succeed in this approach, everything will change. If you think corporations, Big Tech and Big Banks, et al, are controlling and politically motivated now? Good grief, just wait.

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Freeland posing with the Bandera banner is no different from posing with a swastika. And she knows that.

Reporter Leaves After Outlet ‘Corrects’ Her Chrystia Freeland Story (PM)

An iPolitics reporter walked off the job after the outlet corrected her story regarding Trudeau’s Deputy Prime Minister Chrystia Freeland and photos that were taken of her holding a red and black banner associated with a far-right Ukrainian Nationalist movement linked to neo-Nazis. A now-deleted Twitter post from iPolitics originally said that the banner was connected with “far-right Ukrainian nationalists who have links to neo-Nazis.”The outlet later issued a new tweet stating: “CORRECTION: Deputy Prime Minister Chrystia Freehand was photographed holding up a scarf in colours associated with far-right Ukrainian nationalists,” omitting the neo-Nazi portion. The article itself was edited to soften the language originally used and to eliminate the use of “neo-Nazis”.

Despite numerous alterations, the article’s correction note read: CORRECTION: This story has been corrected to state that Freeland was pictured with a scarf, not a banner or a sign. Comments by Jars Balan on the scarf’s political context have also been clarified to better reflect his views. True North’s Candice Malcolm was first to report that Freeland posted, then deleted, the photo of her posing with the banner on her own official social media accounts. The photo also showed Toronto Mayor John Tory and said, “We stand united. We stand with Ukraine. Nous sommes unis. Nous sommes debout aux côtés de l’Ukraine. Slava Ukraini!”Malcolm later tweeted: “I hear from a source in the loop that Chrystia Freeland’s office ‘lost their s**t that this is even being reported.'”

The colors are associated with the Bandera movement. Stepan Bandera was a Nationalist Ukrainian politician during World War II and has been accused of war crimes against Jews and Poles. Bandera helped form the Organization of Ukrainian Nationalists (UPA) which media have called “far-right” and “Neo-Nazis.” In fact, many Bandera flags were spotted during the Toronto demonstration that Freeland participated in. Both Trudeau and Freeland had smeared the freedom protesters who participated in the Freedom Convoy demonstrations as racists and Nazis after a confederate flag and a Nazi flag were spotted in Ottawa.Following the photo, a number of outlets have attempted to debunk the photo op, questioning whether she really posed with “extremist symbols.”

In a National Post article titled: “Did Chrystia Freeland pose with extremist symbols or is it Russian disinformation?” Freeland’s office responded that the criticisms of the photo were “disinformation.”Speaking with Politico’s Ottawa Playbook, Freeland’s press secretary Adrienne Vaupshas said: “A classic KGB disinformation smear is accusing Ukrainians and Ukrainian-Canadians of being far right extremists or fascists or Nazis. Indeed, President Putin’s express goal is the ‘denazification’ of a country led by a Jewish-Ukrainian president.” The Post Millennial reached out to Emmanuel who said, “I can’t speak to specifics due to confidentiality reasons. The evidence speaks for itself.”

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Well, it’s starting to feel like there’s a new Canada.

The Convoy Donor Witch Hunt Is Un-Canadian (TSun)

The past couple of weeks we have seen a disturbing and frenzied response to the release of names of people who donated to the trucker convoy that recently entrenched itself in Ottawa. In some cases, people may even be losing their jobs. As a London Free Press article explains: “Andrew Adamyk, executive director of the Mount Hope Centre for Long-term Care, is no longer with St. Joseph’s Health Care London that runs the 394-bed facility, a spokesperson confirmed Tuesday. “The departure comes after a man named Andrew Adamyk of London, Ont., donated $100 to the so-called Freedom Convoy on Feb. 7, according to a list of donors from the hacked GiveSendGo fundraising site.”

Neither the hospital nor the individual involved responded to repeated media requests for clarification, so it’s unclear why the person is no longer in their job. But the mere possibility that someone could lose their job for donating to the convoy is troubling. There were tens of thousands of Canadians who felt inspired to donate to the convoy. Despite Prime Minister Justin Trudeau’s attempts to smear all supporters as people with “unacceptable views”, it’s obvious that a lot of people donated for inoffensive reasons. The online comments that came with donations revealed that people were frustrated with ongoing restrictions and were upset by the societal damages caused by lockdowns.

“It wasn’t cash that funded terrorism,” a senior bureaucrat told the Commons finance committee. “These were people who supported the cause.” That’s fine if people want to disagree with donors or be strongly opposed to the polarizing convoy, but the harassment that donors have endured is unacceptable.On social media, online sleuths went out of their way to expose and attack donors. One person made a Google Map — later removed for violation of terms of service — that showed where every donor in the country lived. This was a clear provocation to encourage people to harass their neighbours. In one case, someone even posted a notice to an apartment lobby denouncing the several residents who had donated. People need to relax. This has become a witch hunt, and it’s very un-Canadian.

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“..the ONS should publicly withdraw their dataset and call for the retraction of any claims made by others that are based upon it.”

Systematic Undercounting Of Deaths Within First 2 Weeks Of Vaccination (RG)

The accuracy of any data purporting to show covid 19 vaccine effectiveness or safety is critically dependent on the accuracy of four measurements: (1) people classified as having the disease; (2) vaccination status; (3) reported deaths; and (4) the population of vaccinated and unvaccinated (the so called ‘denominators’). Errors in any of these could undermine claims of vaccine effectiveness or safety. We have previously identified anomalies in the UK Government’s ONS deaths by vaccination status data (ONS dataset)-specifically that some deaths occurring shortly after vaccination are being wrongly classified as unvaccinated deaths.

In this paper we identify a further problem that appears to explain anomalies in the ONS data: the total deaths reported by ONS are significantly lower than we would expect compared to other government datasets, even allowing for the fact that the ONS use only a subset of the population. For both non-covid and covid deaths respectively the number of deaths reported for the within 21 days of first dose vaccination category tally almost perfectly with the number of deaths that would be expected should they have occurred in the third week alone. Thus, for both covid and non-covid deaths, the two weeks of post first vaccination deaths appear to have been omitted from the ONS dataset.

This pattern is repeated in all age groups over 60. A variety of factors could have led to deaths in the first 14 days being omitted in the ONS dataset, including miscategorisation, reporting lags and data handling or transcription errors. The dataset is therefore corrupted, making any inferences about vaccine efficacy or safety that are reliant on the data, moot. Accordingly, the ONS should publicly withdraw their dataset and call for the retraction of any claims made by others that are based upon it.

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Commenter IM Doc at Naked Capitalism.

Pfizer Feb. 2021 “Post Marketing” Vaccine Side Effects Tally Raises Alarms (NC)

It is a comprehensive list of the ASE (Adverse side effects) that are especially attuned in the study. In general, it is a list of all the things that came up in the animal studies and the Phase 1-3 trials in humans. It is an index of the things that they were to keep a close eye on. In general, this list in most documents like this I have ever seen is 2-3 maybe 4 pages long – NOT 10. That is what so bowled me over this AM. I can think of 2 possible things going on here – 1) The list of ASE from the previous phases of research really are this overwhelming. 2) Pfizer knew they had lots of side effects and just wanted “to put it all out there” in an attempt to cover their ass. They may have done this because of the warp speed emergency manner in which this was done – ie – we have not had time to fully assess risk – therefore we are going to just be a sponge and take in everything.


There may be other reasons I have not thought of. Whatever the case – I have never seen anything like this in my life. But the really damning parts are these tables – where very elevated numbers of patients are having these problems. I have seen any number of CHEMOTHERAPY agents with less problems than this in my life. And we have to weigh risk and benefits even in these trials. If for example a novel CHEMO agent was saving 30% but killing 5% – it would likely be approved with LARGE BLACK BOX WARNINGS. This agent – however – is not chemotherapy. It is a vaccine to be given out to everyone. It has been screamed from the rooftops for the people to hear that it was 100% safe. Any and all discussion in the media and social media of any problems has been squelched and those stating these things called quacks. It had a benefit of an absolute risk reduction of infection of 0.2%. And here we are with all these side effects. In huge numbers. Even more concerning – is two-six months of benefit worth all of these risks? I think not.

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This headline should be over 2 years old. It’s not.

NIH Orders Sweeping Review Of Experiments On Viruses And Other Pathogens (WaPo)

On Monday, NIH convened a virtual meeting of the biosecurity advisory board, which will review two categories of experiments. One is known as “gain of function” research. Such experiments study pathogens with the potential to become more capable of infecting humans or more transmissible among people. NIH calls this “research with enhanced potential pandemic pathogens.” The advisory panel will also look at dual use research, which could provide useful knowledge but also pose a threat if misapplied. For example, an effort to understand a pathogen could be exploited to create a bioweapon. NIH in January 2020 asked the biosecurity panel to start a review of policies, but that effort was postponed because of the pandemic, when members of the advisory board were needed at their home institutions, according to the agency.


“Research involving pathogens is vital for ensuring the United States is prepared to rapidly detect, respond to, and recover from future infectious-disease threats. Such research can be inherently high risk given the possibility of biosafety lapses or deliberate misuse,” NIH acting director Lawrence A. Tabak said in a statement announcing the review. “However, not doing this type of research could impair our ability to prepare for and/or respond to future consequential biological threats.” Several scientists who study viruses and emergent diseases said they welcome the review of biosafety policies. “I think it’s really important to review this stuff and to regulate it, and make sure that it’s regulated in the right way,” said Angela Rasmussen, a virologist at the University of Saskatchewan.

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To be fair, it’s nothing compared to what’s already been wasted before.

White House Wants To Waste $22.5 Billion Fighting Long Gone Pandemic (WT)

The White House has requested Congress approve $22.5 billion in new funding for COVID-19, fully $5 billion of which would be sent overseas, to help other nations and other governments and other peoples fight off the coronavirus. Ain’t U.S. taxpayer dollars grand? “Without additional resources,” wrote Shalanda Young, the acting Office of Management and Budget director, in a letter to Congress reported by The Hill, “we won’t be able to secure the treatments, vaccines and tests Americans need in coming months and fight future variants. And critical COVID response efforts — such as free community testing sites and testing, treatment and vaccination coverage for uninsured individuals — will end this spring.” So? So what? The coronavirus hasn’t been much of a health threat in a very long time.


It’s got a recovery rate of nearly 99%. It doesn’t impact kids — and it doesn’t really impact those under the age of say, doddering, either. In fact, we all know who’s most at risk of catching a bad case of the coronavirus, of being hospitalized from it, of dying from it — and it ain’t the general public at-large. It’s the elderly. It’s the obese. It’s the elderly and obese and those with a handful of other health issues they’re already fighting and that already compromise their immune systems. Acknowledging this — admitting that — acknowledging and admitting that COVID-19 is not the epic danger it once was, or at least that it once presented, would go far toward moving America, moving the world, past the phase of panic and into the light of normal living. But that’s exactly why Democrats, Big Pharma, Big Government and global elites won’t acknowledge these data-backed truths: the pandemic, to these arrogant people, has become a massive and massively successful tool of control. Control — and money.

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Tucker Iowa Farmer: grocery bill 1000$ a month

 

 

 

 

 

 

MK Ultra
https://twitter.com/i/status/1499460873643040792

 

 

 

 

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Aug 102020
 


William-Adolphe Bouguereau La naissance de Vénus 1879

 

The Spies Who Hijacked America (Schrage)
Memo Shows FBI May Have Misled Senate About Russia Probe (JTN)
Pelosi, Mnuchin Open Door To Narrower COVID19 Aid Through 2020 (R.)
Fed’s Evans Says Another Coronavirus Aid Package ‘Incredibly Important’ (R.)
The US Economy Is Stronger Than the Eurozone’s (Lacalle)
Hong Kong Media Tycoon, Pro-Democracy Leader Arrested In New Crackdown (JTN)
Should The Government Balance Its Budget? (DO)
One-Fifth Of All Mail-in Ballots Disqualified In NYC Primary (JTN)
The Very Un-Christian Nagasaki Bomb (Kohls)

 

 

We passed 20 million cases, another sad milestone. But both new cases and new deaths are quite low. With US new cases below 50,000, and deaths at “only” 534, overall not a bad weekend, in the grand scheme of things.

 

 

 

 

 

 

 

 

 

 

Pelosi
https://twitter.com/greg_price11/status/1292647384124661767

Aaron Maté Russiagate Monsters under the bed

 

 

If you read just one thing today, try this. From Matt Taibbi’s substack.

“As a doctoral candidate at Cambridge working under “FBI Informant” Stefan Halper, I had a front-row seat for Russiagate..”

The Spies Who Hijacked America (Schrage)

Global scandals now labeled Russiagate, Spygate, and what President Trump calls “Obamagate” shook the political world, but hit me closer to home. I’m the reason the so-called FBI “spy” at the center of Spygate, Stefan Halper, met Carter Page, the alleged “Russian Asset” in Russiagate’s Crossfire Hurricane investigation. On May 19, 2018, this realization blindsided me in London as I was about to fly out for my wedding. The New York Times, NBC News and other sources had outed my PhD supervisor, Stefan Halper, as a spy known to the UK’s MI6 intelligence service as “The Walrus.” It didn’t seem real. Could a former professor I once trusted as a mentor have betrayed his word, profession, and country to start these disasters?

I had moved to England to pursue an academic career and leave DC’s politics behind, only to have my PhD supervisor throw me back into the most outrageous political firestorms I could imagine. Just my luck. Then an even worse question began nagging at me. Did I unintentionally light the match that started it all? As I started to piece together what happened over the next few months, I realized something. The stories that The New York Times, Washington Post, and others were pushing didn’t add up. Many seemed planted to cover up or advance the agendas of several individuals whose tentacles secretly ran through these scandals, and who each had longstanding ties to intelligence services like the FBI, CIA, and MI6. I call these individuals the Cambridge Four.

Strangely, all four were linked through that sleepy British academic town thousands of miles from the alleged “ground zeroes” of Russiagate’s conspiracies, Moscow and DC. In addition to the central “Spygate” figure Halper, they include the central source of “Russiagate’s” fake conspiracy theories, Christopher Steele; former MI6 Director Sir Richard Dearlove; and Halper’s and Dearlove’s partner in a Cambridge Intelligence Seminar linked to titillating — but false — tales of a “Russian spy” seducing Trump’s top national security advisor. My years of work with Halper provided an inside view of how their four networks interconnected. The more I dug up new pieces of this puzzle, the more I saw how these individuals’ seemingly separate acts might fit together in an absurd picture of how these scandals really started.

Armed with first-hand knowledge and evidence, I quietly sought to help federal investigators uncover these scandals’ mysteries. It wasn’t my first rodeo. After witnessing the plane that hit the Pentagon on 9/11, I led G8 and State Department international crime and terrorism efforts with Department of Justice (DOJ), FBI, and intelligence officials and had worked for decades in White House, Congressional, and presidential campaign roles. This helped me keep a stiff upper lip when I was falsely accused in 2019 by the House Intelligence Committee’s Ranking Republican and others on television as being part of a secret anti-Trump cabal. As much as I wanted to defend myself, I knew our best shot of exposing the real forces behind these scandals was for me to remain publicly silent and not let those under investigation know what I knew or was willing to say.

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MAY have?

Memo Shows FBI May Have Misled Senate About Russia Probe (JTN)

The Senate Judiciary Committee on Sunday released a document it says shows the FBI misled senators on the Intelligence Committee during the Russia probe by falsely suggesting Christopher Steele’s dossier was backed up by one of his key sources. “Somebody needs to go to jail for this,” Sen. Lindsey Graham, R-S.C., the panel’s chairman, told the Fox News program Sunday Futures with Maria Bartiromo. “This is a second lie. This is a second crime. They lied to the FISA court. They got rebuked, the FBI did, in 2019 by the FISA court, putting in doubt all FISA applications. “A year before, they’re lying to the Senate Intel Committee. It’s just amazing the compounding of the lies,” Graham added.

The document in question contains the draft talking points the FBI used to brief the Senate Intelligence Committee in February 2018, including an assessment that the primary sub-source of the information contained in the Steele dossier had backed up the former MI-6 agent’s reporting. The primary sub-source “did not cite any significant concerns with the way his reporting was characterized in the dossier to the extent he could identify it,” the FBI memo claimed. “…At minimum, our discussions with [the Primary Sub-source] confirm that the dossier was not fabricated by Steele.” In fact, by the time the FBI provided senators the briefing, agents had already interviewed Steele’s primary sub-source who disavowed much of what was attributed to him in the dossier as in “jest” or containing uncorroborated allegations.

Agents also had been warned by the CIA that Steele’s memos contained disinformation fed to him by Russian intelligence services, and had created a spreadsheet showing most of the claims in the dossier were either debunked, unable to be corroborated or Internet rumor. Graham said the document is so misleading he is demanding FBI Director Chris Wray identify the names of those involved in the briefing. “They misled the hell out of them,” he said. There is widespread evidence released by the Judiciary Committee and the DOJ inspector general contradicting the February 2018 FBI briefing memo including that the primary sub-source:

• told the FBI that he “has no idea” where some of the language attributed to him came from or that his contacts and “never mentioned” some information attributed to him.
• told the FBI he “did not know the origins” or “did not recall” other information contained in the dossier that was supposedly from his contacts
• alleged that Steele used “incorrect source characterization” for one of his contacts. told the FBI that the corroboration for the dossier was “zero” and that he takes what the sources for the dossier told him with “a grain of salt.”
• claimed much of what he told Steele was second-hand or even in jest and never intended it to be treated as intelligence because if was “word of mouth and hearsay” and “conversation that [he] had with friends over beers.”

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Pelosi tried to be a leader and failed. Now she’s a follower. Does that about sum it up?

Pelosi, Mnuchin Open Door To Narrower COVID19 Aid Through 2020 (R.)

U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin on Sunday said they were open to restarting COVID-19 aid talks, after weeks of failed negotiations prompted President Donald Trump to take executive actions that Democrats argued would do little to ease Americans’ financial distress. Discussions over a fifth bill to address the impact of the coronavirus pandemic fell apart on Friday, a week after the expiration of a critical boost in unemployment assistance and eviction protections, exposing people to a wave of economic pain as infections continue to rise across the country.

Trump on Saturday sought to take matters into his own hands, signing executive orders and memorandums aimed at unemployment benefits, evictions, student loans and payroll taxes. Trump told reporters in New Jersey before returning to Washington on Sunday that his suspension of the collection of the payroll tax could be made permanent. He said doing so would have no impact on Social Security because reimbursement would be made through the general fund. Trump, noting that Democrats want to resume stimulus discussions, said the White House would be willing to talk to them again “if it’s not a waste of time.”

On Sunday, both Pelosi and Mnuchin appeared willing to consider a narrower deal that would extend some aid until the end of the year, and then revisit the need for more federal assistance in January. That would come after November’s election, which could rebalance power in Washington. “Let’s pass legislation on things that we agree on,” Mnuchin told Fox News in an interview. “We don’t have to get everything done at once. … What we should do is get things done for the American public now, come back for another bill afterwards.”

DDMB Out of work

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Protect small businesses? Half of them are gone forever. Protect the people instead.

Fed’s Evans Says Another Coronavirus Aid Package ‘Incredibly Important’ (R.)

The United States should implement another support package to ensure workers can stay safely at home while the novel coronavirus continues to spread, Chicago Fed President Charles Evans said in an interview with CBS News released on Sunday. Evans said it was up to U.S. lawmakers to protect small businesses and vulnerable communities with measures that ensure they can continue to pay their rent and buy food as long as the virus was not under control. “I think that public confidence is really important and another support package is really incredibly important,” Evans said on CBS’s Face the Nation program.


He also said that the most pessimistic economic projections involved not supporting state and local governments, which in turn would have to implement drastic cuts to support some of the federal aid measures. Evans’ comments come after U.S. lawmakers failed to strike an agreement on a second aid package after weeks of negotiations, leaving tens of millions of unemployed Americans without direct federal support.

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And you would expect to see that reflected in the USD’s exchange rate. But not yet.

The US Economy Is Stronger Than the Eurozone’s (Lacalle)

The United States is showing resiliency and strength compared with other leading economies worldwide. The impact of the covid-19 forced shutdown crisis is lower in the United States than in Japan, Germany, France, the average of the European Union 27, and the euro area countries. The recovery is also stronger and more sustainable. This does not mean that the economic impact is small. Recession is severe and its impact on jobs and growth cannot be underestimated, but it is important to show how other economies with larger government spending plans and important entitlement programs are showing a much weaker performance. The second quarter GDP was much better than in the euro area (–9.5 percent quarterly compared to –12.1 percent in the eurozone), although it reflects a notable quarterly drop, and well below the one seen in 2008.

This comparison is important because most mainstream economists believe that higher government spending and public sector help offset the blow of a recession. They do not. The United States quarterly GDP fall, at –9.5 percent, is small compared to Germany’s –10.1 percent, France’s –13.8 percent, Italy’s –12.4 percent, Spain’s –18.5 percent and the European Union 27’s at –11.9 percent. You may have read about the quarterly annualized –32.9 percent figure for the United States, but it is misleading to compare it with the European published figures, which are not annualized. The annualized rate estimates how much the economy would grow or shrink if the rate of change seen in the quarter continued for four consecutive quarters.

If we compared apples to apples, the quarterly annualized GDP collapse would be from –40 percent in Germany to –55 percent in Spain compared to the US’s –32.9 percent. In any case, it seems relevant to insist on three points: 1) the United States GDP decline was smaller than consensus estimates; 2) it is notably lower than the eurozone figure, which was worse than consensus expected; and 3) the advanced US data points to one of the strongest recoveries in the world. The improvement in domestic demand that we already began to observe in the month of May has been confirmed in June. Retail sales registered an increase of 7.5 percent per month, the second-highest number in the historical series after the May data, and this time with a less relevant “base effect.” In year-on-year terms, retail sales have already grown 1.1 percent and, eliminating vehicle sales, this increase amounts to 7.3 percent year on year. Still a lot to improve, though.

Advanced and leading indicators in the United States point to a third quarter GDP rise of 18 to 20 percent in annualized terms, a recovery of more than half of the decline in first half of the year in three months. There is a lot to do and no one can be complacent. If consumption and investment progress within potential, the US economy could close the year at flat growth and 6 percent unemployment in the most optimistic scenario. However, it is more likely that the economy will end the year down 5 percent and with unemployment at 8.5 percent, all according to our estimates. This compares with a eurozone that may likely fall more than 9 percent in 2020, with official unemployment and furloughed jobs reaching an average of 12.5 percent according to Bloomberg.

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Cullusion with foreign forces. It’s like the US. And now they can take him to China under the new law?!

Hong Kong Media Tycoon, Pro-Democracy Leader Arrested In New Crackdown (JTN)

Jimmy Lai, a prominent publisher and pro-democracy leader in Hong Kong, was arrested Monday on charges of foreign collusion under a new national security law sharply criticized by the United States. The 71-year-old founder of the Apple Daily outlet and a longtime antagonist of communist China was taken in custody as police raided his newsroom seeking documents. Lai was already facing other charges related to his organization of protests last year, but the new counts sent shockwaves through Hong Kong. Lai’s arrest was part of a larger police operation. Hong Kong law enforcement officials said at least seven people aged 39 to 72 had been arrested on suspicion of collusion with foreign forces against national security, and conspiracy to commit fraud.

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Twitter thread from Deficit Owl h/t Steve Keen. I’ve said it before: we must have these discussions.

Should The Government Balance Its Budget? (DO)

One popular idea in “Keynesian economics” is that the government should balance its budget over the course of the business cycle, running deficits for stimulus during recessions, then surpluses in booms to bring down the debt. This is a bad strategy, because it neglects the interconnectedness of financial positions in the economy. One entity’s spending is another’s income; so for somebody to run a surplus, somebody else has to run a deficit. So if we say “gov should run a surplus,” what does that imply about private financial positions? In the US, because of structural factors that aren’t going away anytime soon, we nearly always run deficits against the rest of the world (the trade/current account deficit), meaning that we send income overseas that doesn’t come back as spending.

That means that for the US private sector balance to be positive (a surplus), the gov sector balance has to be negative (a deficit) and it has to be at least as large as the losses to the foreign sector (the gov deficit ≥ the current account deficit). The private sector doesn’t need to be in surplus at all times. But we also wouldn’t expect it to be continually in deficit – that would imply, on net, ever-worsening financial positions in the private sector, running down saved assets and/or issuing new IOUs. So what happens to the private sector if the gov “balances its budget over the cycle”? In recessions, depending on the size of the gov deficit, the private sector will be balanced or running small surpluses (because the foreign deficit cancels out some/all of the gov deficit). But in booms, the private sector would be deeply in the red (deficit), because the gov surpluses would be subtracting income out of the private sector, while the foreign sector is doing it too. /7

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This discussion is far from over.

One-Fifth Of All Mail-in Ballots Disqualified In NYC Primary (JTN)

Tens of thousands of mail-in voting ballots in the recent New York Democratic presidential primary election were disqualified without being counted — a sign that the country’s looming presidential election, one which may be conducted significantly by mail, could be facing procedural chaos over countless disputed and uncounted votes. A total of more than 84,000 ballots were disqualified in the city primary — roughly 21%, or one out of every five votes — many of them due to late submissions, lack of postmarks and missing signatures. Kings County — the borough of Brooklyn — alone saw 30,000 ballots invalidated. The disorganized voting and tallying process could signal a coming crisis in November, when much of the American vote is expected to be submitted via mail due to fears of the coronavirus.

A Pew Research Center Poll from June found that just one out of every five Americans voted by mail in the 2016 election; many officials across the country have been pushing in recent months for every American voter to receive a mail-in ballot. President Trump has of late warned repeatedly that the mail-in voting process is ripe for fraud and abuse, yet the disarray of New York’s primary suggests procedural issues may form a much larger concern for election integrity in November. A localized ruling by a federal judge last week has thrown the New York primary into even greater disorder. Judge Analisa Torres ruled Aug. 3 that, due to faulty mailing and processing issues, all mail-in votes in the state received up to two days after the election must be counted so long as they were postmarked by the day of the election.

Torres extended that order to cover all elections across the state, claiming that not doing so “would risk running afoul of the Constitution’s guarantee of equal treatment.” State Board of Elections spokesman John Conklin told Just the News that Torres’ ruling has not yet been enforced. “The State Board of Elections is appealing the decision,” he said via email. “If we lose the appeal then all affected boards will have to conduct additional canvassing for absentee ballots received on June 24th and 25th without a postmark. The local boards would then submit amended certifications of their primary results.”

“It is not expected that the outcome in any contest will be changed,” Conklin added. “Absentee ballots can be disqualified for any number of statutory reasons,” he added, including “late postmark, no postmark, the Oath envelope not signed and dated by the voter, the signature on the Oath envelope does not match the signature in the voter’s registration record, the Oath envelope not sealed by the voter, the voter is deceased, the voter showed up in person to vote on Election Day,” and numerous other factors.

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There was zero need to drop it, or the Hiroshima bomb. Japan had been looking for a way to surrender for months. But Russia also declared war on Japan, and that changed things.

The Very Un-Christian Nagasaki Bomb (Kohls)

Seventy-five years ago today, an all-Christian bomber crew dropped “Fat Man,” a plutonium bomb, on Nagasaki, Japan, instantly annihilating tens of thousands of innocent civilians, a disproportionate number of them Japanese Christians, and wounding uncountable numbers of others. For targeting purposes, the bombing crew used St. Mary’s Urakami Cathedral, the largest Christian church in East Asia. At 11:02 a.m., on Aug. 9, 1945, when the bomb was dropped over the cathedral, Nagasaki was the most Christian city in Japan. At the time, the United States was arguably the most Christian nation in the world (that is, if you can label as Christian a nation whose churches overwhelmingly have failed to sincerely teach or adhere to the peaceful ethics of Jesus as taught in the Sermon on the Mount).

The baptized and confirmed Christian airmen, following their wartime orders to the letter, did their job efficiently, and they accomplished the mission with military pride, albeit with a number of near-fatal glitches. Most Americans in 1945 would have done exactly the same if they had been in the shoes of the Bock’s Car crew, and there would have been very little mental anguish later if they had also been treated as heroes. Nevertheless, the use of that monstrous weapon of mass destruction to destroy a mainly civilian city like Nagasaki was an international war crime and a crime against humanity as defined later by the Nuremberg Tribunal. Of course, there was no way that the crew members could have known that at the time. Some of the crew did admit that they had had some doubts about what they had participated in when the bomb actually detonated.

Of course, none of them actually saw the horrific suffering of the victims up close and personal. “Orders are orders” and, in wartime, disobedience can be, and has been, legally punishable by summary execution of the soldier who might have had a conscience strong enough to convince him that killing another human, especially an unarmed one, was morally wrong. When Nagasaki was destroyed, it had been only three days since another U.S. atomic bomb, nicknamed “Little Boy,” had decimated Hiroshima. The Nagasaki bombing on Aug. 9 occurred amid chaos and confusion in Tokyo, where the fascist military government, which had known for months that it had lost the war, was searching for a way to honorably surrender.

The only obstacle to surrender had been the Allied insistence on unconditional surrender, which meant that the Emperor Hirohito, whom the Japanese regarded as a deity, would be removed from his figurehead position in Japan and possible subjected to war crimes trials. That was a deal-breaker, an intolerable demand for the Japanese that prolonged the war and prevented Japan from giving up months earlier.

St. Mary’s Urakami Cathedral after the bomb exploded above it as shown in a photograph dated Jan. 7, 1946.

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1944 CIA memo on how to infiltrate an organisation

 

 

This statue doesn’t like dogs. Think we should topple it?

 

 

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